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Hong Kong stocks lost 938.6 points, or 4.29 percent, to close at 20,946.14 on Friday.
Mid-sized lender China Everbright Bank Co Ltd has delayed for a second time meetings with investors to promote a planned $6 billion Hong Kong share offering, IFR reported on Friday.
The approval of Great Wall Motor Co Ltd's proposed A-share initial public offering (IPO) by the country's securities regulator will enable the company to double its production capacity in the world's largest auto market, analysts said.
Trading in shares of Japanese-style food chain Ajisen (China) Holdings Ltd was suspended on Friday pending a statement, according to a filing from the Hong Kong bourse, Reuters reported.
Shanghai's Over-The-Counter equity bourse, launched in July 2010 in the city's Zhangjiang Innovation Park, is expected to begin operations by September.
China's foreign exchange regulator said Thursday that it will make combating the influx of speculative money a major priority in the second half of this year.
China's stock index futures closed higher on Thursday with the contract for August, the most actively traded, up 0.23 percent from the previous day to 2,962.6 points.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, fell 8.03 points, or 0.85 percent, to 937.48 on Thursday.
Hong Kong stocks went down 107.98 points, or 0.49 percent, to close at 21,884.74 on Thursday.
China's stocks rebounded slightly Thursday after losing for two days, with the benchmark Shanghai Composite Index up 0.21 percent to close at 2,684.04.
The yuan is strengthening at the fastest pace in three months as Chinese bonds' near-record yield premiums over US Treasuries draw funds from abroad.
Shares in Beijing Enlight Media Co Ltd, a private media company, surged more than 40 percent from the offering price of 52.5 yuan ($8.16) on its stock market debut on Wednesday, in what analysts said was a sign of things to come as many entertainment and media companies go public.
