By V. Phani Kumar
HONG KONG (MarketWatch) -- Hong Kong shares fell early Thursday, led by banks and property developers, with Industrial & Commercial Bank of China Ltd. tumbling on word Goldman Sachs Group (GS 144.42, -0.59, -0.41%) was selling more than $2 billion of its holding in the Chinese lender. The Hang Seng Index fell 0.6% to 22,248.37, and the Hang Seng China Enterprises Index gave up 0.6% to 12,356.46. ICBC (HK:1398 5.78, -0.19, -3.18%) (IDCBY 37.52, -0.18, -0.48%) dropped 3.2% in good volumes, as Goldman Sachs' planned sale of a part of its stake hit sentiment. Chinese property counters also dropped after Beijing further tightened policy, with China Resources Land Ltd. (HK:1109 15.76, -0.74, -4.48%) (CRBJY 0.00, 0.00, 0.00%) falling 2.8%, and China Overseas Land & Investment Ltd. (HK:688 16.20, -0.62, -3.69%) (CAOVY 0.00, 0.00, 0.00%) sliding 1.9%. China's Shanghai Composite, meanwhile, rose 0.6% to 2,625.93.
