The fallout over the former president of Microsoft China's academic credentials appears to have overflowed onto companies related to him, which have seen their stock prices fluctuate in recent days.
China will continue to lead the global initial public offering (IPO) market in terms of the funds raised and the number of deals, international accounting firm Ernst & Young said in a report on Tuesday.
Hong Kong stocks went down 36.37 points, or 0.18 percent, to close at 20,431.06 points on Tuesday.
China's stock index futures closed down Tuesday with the contract for July, the most actively traded, down 1.51 percent from the previous trading day to end at 2,626 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, increased 0.10 percent, to close at 931.08 points in Tuesday's trading.
Chinese shares fell Tuesday, led by real estate after the government said it has no plans to ease curbs on development.
Chinese property stocks rallied on Monday on speculation the government may loosen the policy curbs on the country's overheated real estate sector after gains in housing prices in major cities slowed.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, fell 0.21 percent, to close at 930.17 points in Monday's trading.
China's stock index futures closed higher Monday with the contract for July, the most actively traded, up 0.32 percent from the previous trading day to end at 2,660.6 points.
China's key stock index ended 0.8 percent higher on Monday at a two-week high, led by banks and property shares, as investors were upbeat China could shift to a more neutral stance in the second half year on policy tightening.
The recent gains in the Chinese stock market will be put to the test this week as investors remain cautious ahead of the official release of the second quarter's macroeconomic data and ABC's heavyweight IPO.