Chinese equities closed almost flat on Tuesday as the market stabilized after experiencing the biggest daily fall in eight months on the previous day.
Goldman Sachs Group Inc is recommending a basket of four Chinese companies whose yuan- denominated shares are more attractively valued than their Hong Kong stocks.
Poly Real Estate, the country's second largest property developer, announced Monday that its plan to raise nearly 10 billion yuan ($1.5 billion) through a non-public share sale has been given the green light by China's State-owned assets watchdog.
L'Occitane Ltd, a French natural-ingredients beauty company, and its parent may raise as much as HK$5.49 billion ($707 million) in an initial public offering in Hong Kong, said three people with knowledge of the sale.
Equities declined sharply on Monday at the Shanghai and Hong Kong bourses, after the government took more steps to rein in the sizzling real estate market.
The total market value of 65 companies listed in the ChiNext, China's start-up board for small and medium-sized enterprises, lost more than 30 billion yuan ($4.39 billion) last week, the Beijing Business reported on Monday.
Hong Kong stocks closed down 460.09 points, or 2.1 percent, at 21,405.17 on Monday.
The ChiNext market was down Monday as only 14 of the 66 stocks at China's start-up board for small and medium-sized enterprises rose, and another four stocks suspended from trading.
China's main stock index dived to below 3,000 Monday, led by a slump of property shares on government's tougher efforts to rein in excessive property prices gains.
China's stocks plunged, driving the benchmark index down the most in almost eight months, on concern a government crackdown on the property market will increase bad loans and damp consumer spending.
Chinese shares plunge to below 3,000 points
China launched its decade-long awaited index futures Friday, a milestone in the country's efforts to push the reform of capital market.