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China's new yuan lending in April stood at 739.6 billion yuan ($113.8 billion), 8.8 percent higher than that in March, despite frequent moves to mop up liquidity and curb inflation, according to data released by the central bank on Wednesday.
The gold price in Hong Kong moved up HK$156 to close at HK$14,156 per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society.
Hong Kong stocks slipped on Wednesday as heavyweight HSBC fell. The benchmark Hang Seng Index moved down 44.2 points to close at 23,291.8 points, after trading between a day high of 23,509.01 points and a day low of 23,232.42 points.
China Development Bank, one of the three policy banks in China, said on Wednesday that by the end of last month, it had issued 90.3 billion yuan ($13.89 billion) to rebuild areas hit by a devastating earthquake in southwest China's Sichuan province in 2008.
China will continue to implement a prudent monetary policy, a People’s Bank of China (PBOC) official told China Business News on Tuesday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, edged down 0.13 percent, or 1.25 points, to 929.95 Wedensday.
China's stock index futures closed lower Wednesday with the contract for May, the most actively traded, down 0.26 percent from the previous close to 3,139.8.
Chinese shares dropped Wednesday after the release of inflation data which rose 5.3 percent in April from a year ago.
The National Bank of Kazakhstan does not rule out converting part of its foreign reserves to Chinese yuan if it becomes an internationally recognized reserve currency, the bank CEO said Tuesday.
China's northwestern Xinjiang Uygur autonomous region aims to have five percent of its foreign trade settled in yuan, China's official currency, in 2011 as the country continues to push for the use of the yuan in international trade.
The Bank of China has now received regulatory approval to issue up to 32 billion yuan ($4.9 billion) worth of subordinate debt to improve its capital structure.
Stocks on the Chinese mainland rose, driving the benchmark index's biggest gain in a week, as a jump in exports to a record bolstered confidence the world's second-biggest economy can avoid a slump in growth.
