The Shenzhen Stock Exchange is considering a delisting mechanism for companies listed on the ChiNext start-up board in an effort to lower the high valuations of listed companies and to better protect retail investors, Chen Dongzheng, the exchange's president, said on Thursday.
Hong Kong stocks went down 195.22 points, or 0.82 percent, to close at 23,614.89 Thursday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, gained 6.61 points, or 0.61 percent, to 1,093.9 Thursday.
Chinese shares closed lower Thursday with the benchmark Shanghai Composite Index down 45.01 points, or 1.5 percent, to 2,957.14.
China's stock index futures closed lower Thursday with the contract for March, the most actively traded, down 1.78 percent from the previous trading day to 3,290.
The launch of an international board in Shanghai will not diminish Hong Kong's attractiveness to the mainland and foreign listings in the near term, said a former stock market regulator who used to serve on both sides.
Chinese mainland distillery, Dukang Distillers Holdings Limited, began issuing 130 million units of Taiwan depository receipts (TDRs) on the Taiwan Stock Exchange (TWSE) at NT$18.65 (63 cents) per unit on Wednesday.
Gansu-based Baiyin Nonferrous Metals Corporation (BNMC), China's leading nonferrous metals producer, is planning a listing on the Shanghai stock exchange this year, in a bid to invest in overseas mining resources.
China's biggest mining companies are selling the most bonds among the largest emerging economies this year, tapping demand from investors attracted by the highest relative yields since 2009.
Shanghai Stock Exchange, the Chinese mainland's largest bourse, plans to attract 50 new listings each year during the 12th Five-Year Plan period (2011-2015), the exchange's president said on Wednesday.
Hong Kong stocks went up 98.41 points, or 0.42 percent, to close at 23,810.11 on Wednesday.
Chinese shares closed higher Wednesday with the benchmark Shanghai Composite Index up 2.21 points, or 0.07 percent, to 3,002.15, slightly above the market's psychological expectation of 3,000 points.