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Stocks on the Chinese mainland rose to the highest in a week, led by commodity producers, after US Federal Reserve Chairman Ben S. Bernanke said he is prepared to provide additional stimulus to boost the economy.
Hong Kong stocks edged up 13.32 points, or 0.06 percent, to close at 21,940.20 on Thursday.
Commercial banks are halting individual property loans in the face of tightening monetary policy and limited lending quota, the China Securities Journal reported Thursday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, increased 18.46 points, or 2.02 percent, to 931.55 on Thursday.
China's stock index futures closed up on Thursday with the contract for July, the most actively traded, up 0.2percent, from the previous day to 3,114 points.
Chinese shares closed higher Thursday with the benchmark Shanghai Composite Index up 0.54 percent, or 14.97 points, to close at 2,810.44.
Citic Securities, China's largest publicly traded brokerage, hopes to secure in August approval from the Stock Exchange of Hong Kong for its roughly $2 billion IPO there, International Finance Review (IFR), a Thomson Reuters publication, reported.
China's fast growing private equity (PE) market has attracted global partners to use the Chinese currency in investments. This has heated up the competition between yuan-denominated and dollar funds in the world's second-largest economy.
BYD Co fell in Hong Kong and Shenzhen trading after the Chinese automaker, partly owned by Warren Buffett's Berkshire Hathaway Inc, said first-half profit might tumble by up to 95 percent.
Stocks on the Chinese mainland rebounded from the biggest drop in seven weeks after the economy expanded more than estimated last quarter, easing concerns the central bank's tightening measures are curbing growth.
China's stock index futures closed higher on Wednesday with the contract for July, the most actively traded, up 1.46 percent, from the previous day to 3,108 points.
Hong Kong stocks rose 263.72 points, or 1.22 percent, to close at 21,926.88 on Wednesday.
