The ChiNext stock market gained Wednesday as only 6 of the 66 stocks at China's start-up board for small and medium-sized enterprises declined.
Chinese equities dropped for the first time in four days on Wednesday, led by heavy weights and banks.
China launched its margin trading and short selling trial program today on the Shanghai and Shenzhen stock exchanges after four years of preparation Six security firms will be allowed to participate in the pilot trading, Shanghai Security News reported.
Chinese equities open almost flat on Wednesday, a calm response to China's official launch of margin trading and short selling business.
China's stocks, among the worst performers globally this year, may "break out" in the second half as the yuan strengthens and slowing inflation eases concerns about monetary tightening, Morgan Stanley said.
Hong Kong stocks closed up 137.36 points, or 0.65 percent, at 21,374.79 on Tuesday.
The ChiNext Index was up Tuesday as only 6 of the 66 stocks at China's start-up board for small and medium-sized enterprises declined.
Chinese equities edged up Tuesday, rising for the third consecutive days, led by gains in sectors such as auto manufacturers and electronic information.
China Central Huijin Investment Ltd, the domestic investment arm of the nation's sovereign wealth fund, China Investment Corp, is expected to earn over 70 billion yuan in dividends from the nation's big three lenders in 2009, Shanghai Securities News reported Tuesday.
Shares of Xinjiang Ba Yi Iron & Steel Co, Ltd rose 1.43 percent to 14.2 yuan ($2.08) at midday on its announcement of surging profits in 2009.
Yuan forwards strengthened the most in a week on growing speculation China will allow the currency to appreciate to help tame inflation and because of general weakness in the dollar.
The Social Security Fund (SSF), the nation's largest pension fund, is planning aggressive investments in overseas markets, including private equities, Dai Xianglong, chairman of the National Council for Social Security Fund, said on Monday.