Hong Kong rally not yet over despite China rout: Bloomberg Gadfly

(Nov 27): Lee Shau Kee, the billionaire chairman of Henderson Land Development Co., has said he will donate HK$1 billion ($172 million) to charity each year that the Hang Seng Index stays above 30,000, and double that if it reaches 40,000.

The 89-year-old should be prepared to hand out the cash.

Sure, Hong Kong's benchmark gauge closed above 30,000 on only one day last week, with the market being dragged down on Thursday by the worst stock rout in mainland China since June 2016.

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