Heard on the Street: Keeping it all in the family isn’t always a good thing
The FTSE Hong Kong Index, a gauge of large and medium-size companies based in the city, has fallen 15% this year, underperforming the benchmark Hang Seng Index.
The former is now valued at close to multiyear lows, hovering just above book value. Some of the largest Hong Kong conglomerates, in particular, are trading at a deep...
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