The ChiNext Index, launched by the Shenzhen Stock Exchange on June 1, dropped 0.36 percent, or 3.71points, to close at 1035.34 on Tuesday.
China's stocks fell from a six-month high Tuesday, pulled down by makers of consumer products, on speculation recent gains were overdone.
China's Growth Enterprises Board, which has been called China's Nasdaq-style second board market, has become a production line for the country's new rich, Beijing News reported Tuesday.
Mainland stocks gained, driving the benchmark index to a six-month high after companies from Gree Electric Appliances Inc to Yanzhou Coal Mining Co reported higher profit and rising commodities boosted materials producers.
Hong Kong stocks closed up 110.37 points, or 0.47 percent, at 23,627.91 on Monday.
China's stock index futures closed up Monday with the contract for November, the most actively traded, rising 4.26 percent from the previous trading day to end at 3,606 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, climbed 2.53 percent, or 25.61 points, to close at 1039.05 on Monday.
Material producers led Chinese shares to climb to a six-month high on Monday with the benchmark Shanghai Composite Index surging 2.57 percent, or 76.38 points, to close at 3,051.42.
The strength of the liquidity-driven rally in the Chinese stock market may be weakened in the coming months as uncertainties still remain in the Chinese economy which has shown signs of moderate slowdown, analysts said.
The first renminbi-denominated bond issued by the Asian Development Bank, worth 1.2 billion yuan ($180 million), debuted on Hong Kong stock exchange on Friday, making it the first publicly-listed bond to be traded and settled in renminbi.
Hong Kong stocks closed down 131. 94 points, or 0.56 percent, at 23,517.54 on Friday. Turnover totaled HK$84.03 billion compared with Thursday's HK$94 billion ($1 equals to HK$7.77).
China's stock index futures closed up Friday with the contract for November, the most actively traded, rising 0.51 percent from the previous trading day to end at 3,465.4 points.