The central parity rate of renminbi, or China's currency yuan, weakened to 6.6490 per US dollar Wednesday from Tuesday's 6.6441, according to the data released by the China Foreign Exchange Trading System.
China will allow more overseas agencies to sell panda bonds, the yuan-denominated debt sold by overseas agencies in China, in a bid to further open its domestic bond market, an official of the country's bond issue association said Tuesday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, lost 22.36 points, or 1.95 percent, to close at 1,126.18 on Tuesday.
Hong Kong stocks closed down 334.16 points, or 1.39 percent, at 23,693.02 on Tuesday.
China's stock index futures closed down Tuesday with the contract for December, the most actively traded, down 4.33 percent from the previous trading day to end at 3,211.2 points.
Chinese equities slid Tuesday as investors worried prospects of higher interest rates and inflation control policies would hurt companies' earning.
Hong Kong stocks closed down 195. 4 points, or 0.81 percent, at 24,027.18 on Monday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, gained 66.3 points, or 6.13 percent, to close at 1,148.54 on Monday.
China's stock index futures closed mixed Monday with the contract for December, the most actively traded, down 0.14 percent from the previous trading day to end at 3,352.8 points.
Chinese shares close slightly higher Monday from a nearly 15-month low the previous trading day.
It is tempting to pay less attention to long-term stocks and pay more attention to new stocks purchased more recently. The result is often a portfolio filled with under-performing stocks.
Asian stocks fell last week, dragging down the benchmark index by the most since August, on speculation China will raise interest rates after inflation accelerated to its fastest pace in two years.