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ETF managers frustrated after Kuaishou slump stokes fears that tech IPO fever could sink H-share returns

A tweak to the Hang Seng China Enterprise Index that enables listing debutants to become eligible for fast-track inclusion has contributed to an 18.7 per cent decline in the index since February, leading to negative returns for some of the US$622 million worth of exchange-traded funds that track the benchmark.…

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