Chinese shares closed lower Thursday with the benchmark Shanghai Composite Index down 10.83 points, or 0.37 percent, to end at 2,902.98.
Sands China Ltd fell the most in more than a year in Hong Kong trading after its majority shareholder, billionaire Sheldon Adelson's casino company, said it faced investigations from the US Securities and Exchange Commission (SEC) and the Justice Department.
Stocks on the Chinese mainland fell on Wednesday, driving the benchmark index down by the most in a week. The retreat came on concern that inflation will accelerate as crude prices topped $100 a barrel.
The Chinese currency Renminbi (RMB), or the yuan, on Thursday strengthens 41 basis points to 6.5695 per US dollar from Wednesday, according to the China Foreign Exchange Trading System.
Hong Kong stocks closed down 347.76 points, or 1.49 percent, at 23,048.66 on Wednesday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, fell 9.11 points, or 0.83 percent, to close at 1,088.9 Wednesday.
China's stock index futures closed lower Wednesday with the contract for March, the most actively traded, down 0.3 percent from the previous trading day to end at 3,245.4 points.
Chinese shares closed lower Wednesday with the benchmark Shanghai Composite Index down 5.11 points, or 0.18 percent, to end at 2,913.81.
The stock exchanges in Shanghai and Hong Kong look set for a collision course as they seek to attract yuan listings by foreign companies.
The value of Chinese currency renminbi (RMB), the yuan, weakened 30 basis points against US dollars Wednesday.
Stocks on the Chinese mainland rose, extending the benchmark index's first monthly gain since October, as slowing growth in manufacturing and home prices eased concerns that the government will take more tightening measures to tame inflation.
A "significant" increase in "the proportion of direct financing" may be written into the draft of the 12th Five-Year Plan (2011-2015), as one of the targets for developing China's capital market in the next five years, Shanghai Securities News reported Tuesday.