Two Chinese companies seek $541 million from HK listings

Concern about the fallout from the debt crisis in Greece and weaker economic data out of China led investors to take more risk off the table yesterday, pushing Hong Kong stocks lower for the eighth straight session. The Hang Seng index, which closed below 20,000 points for the first time since January 19, has now lost 7.4% since May 2.

It is hardly the most conducive environment in which to attempt an initial public offering, but with a fairly heavy pipeline of deals scheduled to come before early July and a lot of potential macro risk in the month of June, including more elections and sovereign debt refinancings in Europe,...