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Singapore state investor Temasek Holdings launched a $3.7 billion sale in two Chinese state-owned banks late on Tuesday, according to a term sheet seen by IFR, in a move aimed at trimming its exposure to financial sector.
Chinese banks are seen issuing 6.7 trillion yuan ($1.04 trillion) worth of new loans this year, a newspaper said on Wednesday, suggesting lending could slow markedly in 2011 as part of drive to tame inflation.
The inventory in China's property market will surge in the second half of the year, thus prompting property developers to cut prices further as tightening measures continue, industry experts said on Tuesday.
Ratings agency Moody's Investors Service Inc said on Tuesday that there is another potential 3.5 trillion yuan ($541 billion) of local government loans that Chinese auditors did not discuss in a recent report.
Hong Kong stocks shed 22.52 points, or 0.1 percent, to close at 22,747.95 on Tuesday.
China's stock index futures closed mixed on Tuesay with the contract for July, the most actively traded, up 1.2 points, or 0.04 percent, from the previous day to 3,119 points.
Chinese shares closed mixed Tuesday with the benchmark Shanghai Composite Index up 0.13 percent, or 3.54 points, to close at 2,816.36.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, rose 7.25 points, or 0.83 percent to finish at 883.42 on Tuesday.
Stocks on the Chinese mainland rose on Monday, erasing the benchmark index's 2011 loss. The advance came on speculation that the government will offer help to smaller businesses and refrain from boosting interest rates amid signs of slumping economic growth.
The offshore renminbi market will help strengthen the competitiveness and status of Hong Kong as an international financial center, according to the latest issue of monthly Economic Review released on Monday by Bank of China (Hong Kong).
The funds raised in initial public offerings (IPOs) on China's capital market may reach 400 billion yuan ($61.9 billion) this year, down 16 percent from 2010 because of economic uncertainties both at home and abroad, PricewaterhouseCoopers (PwC) said on Monday.
The People's Bank of China (PBOC), or the central bank, said Monday it would continue to implement a prudent monetary policy as inflationary pressures still remained high. 
June CPI may hit 3-year high
