Chinese stocks fell in Hong Kong trading, led by energy and financial companies, after trade data missed economists™ estimates and concern grew that new share offerings will divert funds from existing shares.

Hong Kong™s Hang Seng China Enterprises Index slipped 0.5 percent to 11,638.29 at 9:39 a.m., dragged down by losses for Haitong Securities Co. and China Shenhua Energy Co. The Shanghai Composite Index dropped 0.1 percent, the CSI 300 Index added 0.2 percent, while the Hang Seng Index lost 0.7 percent.

Imports fell by the most in more than five years in January, declining 19.9 percent from a year earlier, the customs administration in Beijing said Sunday. That compared with estimates for a 3.2 percent drop in a Bloomberg survey of analysts. Exports slid 3.3 percent, leaving a record trade surplus of $60 billion.

The Shanghai gauge is valued at 11.5 times 12-month projected earnings, the lowest level since Dec. 24, according to data compiled by Bloomberg. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.-listed Chinese companies, retreated 2 percent in New York on Feb. 6.

Source : Bloomberg