Central Huijin Investment Ltd, an arm of China's sovereign wealth fund, said Thursday it will soon issue 187.5 billion yuan ($27.6 billion) of Renminbi-denominated bonds in its first ever bond sale.
The value of China's currency Renminbi (RMB) weakened against the US dollar Thursday as the central parity rate of the yuan was set at 6.7898 per US dollar, higher than the 6.7895 Wednesday, according to the data released by the China Foreign Exchange Trading System.
Mainland stocks fell for the first time in four days after a central bank adviser said real-estate curbs shouldn't be reversed, with losses for developers overshadowing China Everbright Bank Co's rally on its debut.
Rubber climbed to the highest level in more than three months on optimism that demand for tires will continue to grow after stockpiles expanded and on concerns of limited supply as rain in southern Thailand disrupted tapping.
China Everbright Bank's shares rose 18.06 percent at close after their debut in Shanghai on Wednesday, a better-than-expected performance for the roughly $3 billion IPO that underlines continued interest in banking stocks.
Hong Kong stocks closed down 114. 70 points, or 0.54 percent, at 21,022.73 Wednesday.
China's stock index futures closed lower Wednesday with the contract for August, the most actively traded, down 0.13 percent from the previous trading day to end at 2,945.8 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, fell 0.66 percent, or 6.86 points, to close at 1,026.72 points in Wednesday's trading.
Chinese shares closed down Wednesday after a moderate rise on the previous trading day.
Hong Kong stocks closed up 25.31 points, or 0.12 percent, at 21,137.43 on Tuesday.
China's stock index futures closed higher Tuesday with the contract for August, the most actively traded, up 0.48 percent from the previous trading day to end at 2,947 points.