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Bacchanalia next door makes a dull party painful

One thing that makes a dull party worse is the sound of revelry from the shindig next door.

While Chinese stocks have rallied to a seven-year high on the mainland, most international investors have been left off the guest list.

The Hang Seng China Enterprises index, the most accessible gauge of Chinese shares for global funds, has added 4 per cent this year, compared with 17 per cent in Shanghai and 39 per cent in Shenzhen.

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