The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, rose 0.06 percent, or 0.64 points, to close at 1,025.57 on Tuesday.
Hong Kong stocks closed down 200.73 points, or 0.97 percent, at 20,536.49 on Tuesday.
Chinese stocks close mixed on Tuesday with the benchmark Shanghai Composite Index down 13.86 points, or 0.52 percent to closed at 2,638.80.
The value of China's currency Renminbi (RMB) weakened against the US dollar Tuesday as the central parity rate of the yuan was set at 6.8105 per US dollar, compared with the 6.8025 Monday, according to the data released by the China Foreign Exchange Trading System.
Mainland stocks rose the most in two weeks, led by commodity and consumer companies, as Federal Reserve Chairman Ben Bernanke's vow to safeguard the US recovery eased concern the global economic slowdown will worsen.
Corn futures advanced to a 14-month high on speculation that the United States, the world's largest grower and exporter, may miss a forecast record harvest and as growing regions in China face flooding.
Hong Kong stocks closed up 139. 87 points, or 0.68 percent, at 20,737.22 on Monday.
China's stock index futures closed higher Monday with the contract for September, the most actively traded, up 2.18 percent from the previous trading day to end at 2,930.2 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, rose 2.55 percent, or 25.47 points, to close at 1,024.93 on Monday.
Chinese shares advanced the most in two weeks on Monday, led by the strong performance of commodity and consumer stocks.
China's 661 mutual funds managed by 60 fund management firms made a combined loss of 439.75 billion yuan ($65 billion) in the first half of the year, the Shanghai Securities News reported. It is the second biggest loss in history, following the first half of 2008.
The upward momentum of the Chinese stock market is likely to continue despite volatile trading last week amid renewed worries of the government's tightening moves in the property market, analysts said.