Chinese equities reversed early gains and closed lower Thursday as China's last state-owned commercial bank began roadshow for its dual listings in Shanghai and Hong Kong.
China's stock index futures closed down Thursday with the contract for July, the most actively traded, down 1.22 percent from the previous trading day to end at 2,762.6 points.
Thirteen of the biggest money managers, including AllianceBernstein Holding LP and BlackRock Inc, are switching out of equities and into emerging markets and high-yield bonds, according to a survey by HSBC Holdings Plc.
Hong Kong stocks closed up 10.24 points, or 0.05 percent, at 20,062.15 points on Tuesday.
The Hang Seng China Enterprises Index gained 180.57 points, or 1.59 percent, to close at 11,520.59 on Monday.
Hong Kong stocks closed up 179. 53 points, or 0.9 percent, at 20,051.91 on Monday.
Agricultural Bank of China (ABC), preparing for what may be the world's largest ever IPO, was given a 2011 forecast valuation of 1.57 times to 1.97 times price to book, according to one of its underwriters.
China's wind turbine maker Xinjiang Goldwind Science & Technology said it shelved a plan to raise up to $1.2 billion in a share sale in Hong Kong because of deteriorating market conditions.
China's banking regulator had approved the Shenzhen Development Bank's direct share placement plan with Ping An Insurance, the Shenzhen Development Bank announced on Friday.
Hong Kong stocks ended 239.68 points higher Friday, or 1.22 percent, to close at 19,872.38, tracking gains on peripheral markets.
China's stock index futures closed mixed Friday with the contract for June, the most actively traded, down 0.22 percent from the previous trading day to end at 2,765.8 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange last Tuesday, was up 4.72 points, or 0.42 percent, to close at 1,122.2 points in Friday's trading.