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Shanghai listed stocks fell for the fourth day in a row on Thursday, dragged down by shipbuilding and non-ferrous metals sectors.
Stocks on the Chinese mainland fell for a fourth day after a report showed manufacturing might have contracted for the first time in a year this month and the government expanded measures to prevent a rebound in property prices.
The renminbi (RMB), China's official currency, set a new high for the second day to a ratio of 6.4536 yuan per US dollar on Thursday.
Bank of China (BOC), a major state-owned commercial lender, said Thursday that it has provided more than 12 billion yuan ($1.9 billion) of loans to support Tibet's development over the past ten years.
Chinese shares closed lower Thursday with the benchmark Shanghai Composite Index down 1.01 percent, or 28.31 points, to close at 2,765.89.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, fell 15.46 points, or 1.66 percent, to 915.37 on Thursday.
China's stock index futures closed lower on Thursday with the contract for August, the most actively traded, down 0.78 percent from the previous day to 3,074.8 points.
Hong Kong stocks lost 16.40 points, or 0.07 percent, to close at 21,987.29 on Thursday.
Liu Mingkang, the chairman of the China Banking Regulatory Commission (CBRC), urged all financial institutions of the banking industry to strengthen risk management and prevent and control platform lending risks, the People's Daily reported on Thursday.
The China Securities Regulatory Commission (CSRC), China's top securities regulator, granted QFII licences to seven foreign institutional investors in the first half of this year, Reuters reported.
Chinese government measures to curb property-price gains and tame inflation are "at or close to the peak," bolstering the outlook for stocks, according to JP Morgan Asset Management.
Stocks on the Chinese mainland fell, sending the benchmark index to the lowest level in a week, on speculation the central bank may keep raising interest rates and tightening policies will slow economic growth and curb commodities demand.
