Chinese equities rose slightly Friday on strong May economic data, but a slowing economic growth and future uncertainties has left the market cautious on the country's economic development.
Mainland stocks fell for the first time in three days, led by developers and commodity producers, on concern the government will step up tightening measures after property prices rose at the second-fastest pace on record.
Hong Kong stocks closed 11.46 points higher, or 0.06 percent, at 19,632.7 on Thursday.
China Investment Corp (CIC), the nation's sovereign wealth fund, revealed in a report filed to the US Securities and Exchange Commission (SEC) on June 1 that it held a total of 10.5 percent of shares in Canada's Penn West Energy, the 21st Century Business Herald reported Thursday.
The ChiNext Index, launched by the Shenzhen Stock Exchange on June 1, was up 39.66 points, or 3.68 percent, to close at 1,117.48 points in Thursday's trading.
China's stock index futures declined Thursday with the contract for June, the most actively traded, down 0.59 percent from the previous trading day to end at 2,769.6 points.
Chinese equities fell on Thursday, led by banking shares and property developers over concern about tightening measures.
Soybean futures fell in Chicago on concern output from Brazil, the second-largest exporter, will grow faster than expected, stoking competition among suppliers.
China's government bonds declined on speculation a report may show this week that inflation quickened in May, spurring concern policymakers will push money-market rates higher.
China's stocks rose the most in more than two weeks as Reuters reported a surge in the nation's exports in May and higher-than-estimated new loans, signaling Europe's debt crisis hasn't derailed economic growth.
China's sovereign wealth fund gained 11 percent last year, but this year will be challenging, given the volatility in global markets, the fund's chief risk officer said on Tuesday.