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Strategies & Market Trends : HONG KONG

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To: ---------- who wrote (1061)	1/12/1998 1:00:00 AM
From: allen menglin chen	Read Replies (1) of 2951

Doug, In HK newpapers, they reported that Perregrine has large holdings of H-share and other China red-chips (many are trading in NYSE); and Perregrine underwrote many of these Chinese companies for its IPO in HK. That's why the China shares are down about twice as much as HSI for the past week. Do you have any news on this aspect? Is Perregrine going to liquidate its China stocks--even China stocks are down about 40% from last week!!!

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