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Chinese stocks opened lower Monday, with the benchmark Shanghai Composite Index down 0.94 points to open at 2,343.58.
China will grant investment quotas by overseas funds in its domestic securities markets in a more swift and aggressive way before fully opening up capital market.
Alibaba is near an agreement to buy back a 20 percent stake in itself from Yahoo! Inc for about $7 billion, said a person with knowledge of the matter.
A budgeting offical said the debts of China's local governments are controllable after enhanced efforts to bring down default risks.
Hong Kong stocks fell 249.08 points, or 1.3 percent, to close at 18,951.85 on Friday.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, dropped 9.95 points, or 1.39 percent, to close at 706.22 points on Friday.
China's stock index futures closed lower Friday, with the contract for May, the most actively traded, down 1.17 percent from the previous trading day to 2,576 points.
Chinese shares closed lower Friday, with the benchmark Shanghai Composite Index down 1.44 percent to 2,344.52.
Hong Kong's composite interest rate dropped by three basis points from 0.42 percent at the end of March to 0.39 percent at the end of April, the HKMA announced Thursday.
The NPL ratio for China's commercial banks stood at 0.9 percent as of the end of the first quarter, down from 1 percent at the end of last year.
When traditional investments were in recession in 2011, art funds prospered as investors sought a hedge against long-term inflation.
China should diversify its capital markets to allow more investment products for investors with different levels of capital strength
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