Hong Kong shares gain, China Taiping soars on restructuring plan

Hong Kong shares rose on Tuesday with heavyweight China Taiping Insurance surging nearly 12 per cent after it announced a US$13.3 billion (HK$103.25 billion) restructuring plan while its rivals slipped on a downgrade.

The Hang Seng Index ended the morning session up 0.1 per cent, while the China Enterprises Index of the leading Chinese listings in Hong Kong rose 0.4 per cent. Hong Kong bourse turnover at midday neared the weakest for the year.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1248108/hong-kong-shares-gain-china-taiping-soars-restructuring