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Stocks on the Chinese mainland rose rose to the highest level in a week on Wednesday.
The Chinese mainland handset maker TCL Communication Technology Holdings will put its Taiwan listing plan on hold amid recent poor market sentiment. The company may also reduce the size of any offer, a source told Reuters on Tuesday.
China's central bank said on Wednesday that the funds outstanding for foreign exchange totaled 310.72 billion yuan ($47.08 billion) in April, less than the 407.9 billion billion yuan in March.
Hong Kong stocks gained 110.06 points, or 0.48 percent, to close at 23,011.14 on Wednesday.
The State Council issued a draft regulation on the management of pawnshops to adapt to the fast development of China's pawnbroking business, according to an announcement by the Ministry of Commerce released Tuesday, the China Securities Journal reported.
Chinese credit card holders' delinquency rate rose in the first quarter of this year, China's central bank said Wednesday.
Chinese shares rose Wednesday with the benchmark Shanghai Composite Index up 0.70 percent, or 20.00 points, to 2,872.77.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, edged down 0.49 percent, or 4.36 points, to 890.79 Wednesday
China's stock index futures closed higher Wednesday with the contract for May, the most actively traded, up 0.5 percent from the previous close to 3,134.
The owner of Chinese site 360buy.com is now hoping to raise at least $2 billion in an initial public offering (IPO) in the US by 2013 or later.
China's top legislature has sought experts' feedback just two weeks after requesting public input on a draft amendment to increase the minimum threshold for personal income tax from 2,000 yuan ($306) per month to 3,000 yuan ($461), the "People's Daily" reports.
The China's Banking Regulatory Commission (CBRC) denied on Monday rumors about the pending retirement of its chairman Liu Mingkang, saying a Dow Jones report claiming the chairman would retire in months was untrue and irresponsible.
