China may be delaying the launch of lead and coke futures as regulators are concerned that the launch of new products may add further pressure to rising inflation, said two analysts.
China's stocks may slump for a second year as the central bank raises interest rates to tame inflation, according to Zhang Kun, a strategist at Guotai Junan Securities Co who correctly predicted last year's drop.
Despite generally downbeat market predictions for 2011, some analysts, such as Henry Wu, head of China equity research at Nomura Securities, are bucking the trend by predicting a rebound, expecting a boost from undervalued banking and property shares despite inflationary risk and uncertainties in the government's macroeconomic policies.
Trading in shares of China Hainan Rubber Industry Group on the Shanghai Stock Exchange will start from on Jan 7, the company said on Thursday, aiming to raise 4.7 billion yuan from its initial public offering.
Hong Kong stocks went up 89.34 points, or 0.38 percent to close at 23,757.82 on Wednesday.
China's stock index futures closed lower Wednesday with the contract for January 2011, the most actively traded, down 0.52 percent from the previous trading day to end at 3,186.8 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, climbed 0.24 points, or 0.02 percent, to close at 1,155.35 Wednesday.
Chinese stocks reversed Tuesday's gains to close lower on Wednesday with non-ferrous metals dropping after international gold futures fell sharply.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, climbed 17.44 points, or 1.53 percent, to close at 1,155.11 Tuesday.
China's stock index futures closed higher Wednesday with the contract for January 2011, the most actively traded, up 1.31 percent from the previous trading day to end at 3,192 points.
Hong Kong stocks went up 232.43 points, or 0.99 percent to close at 23,668.48 on Tuesday.
Chinese equities closed higher in the opening trading day of the year on Tuesday, with the benchmark Shanghai Composite Index up 1.59 percent, or 44.57 points, to close at 2,852.65 points.