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Chinese shares closed lower Thursday with the benchmark Shanghai Composite Index down 10.83 points, or 0.37 percent, to end at 2,902.98.
China will encourage banks to lend more to companies with registered capital lower than 5 million yuan ($761,000), caijing.com.cn reported late Wednesday, citing Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC).
Sands China Ltd fell the most in more than a year in Hong Kong trading after its majority shareholder, billionaire Sheldon Adelson's casino company, said it faced investigations from the US Securities and Exchange Commission (SEC) and the Justice Department.
Stocks on the Chinese mainland fell on Wednesday, driving the benchmark index down by the most in a week. The retreat came on concern that inflation will accelerate as crude prices topped $100 a barrel.
A capital injection plan for China Investment Corp (CIC), the country's $300 billion sovereign wealth fund, has been submitted to the State Council for approval, according to sources close to the matter.
The People's Bank of China (PBOC), the central bank, announced on Wednesday that it would further expand trial cross-border yuan trade settlements across the country this year.
Assets of China's financial leasing companies totaled 310 billion yuan ($47.15 billion) in 2010, up from 160 billion yuan the previous year, playing an increasing role in promoting agriculture.
Chinese shares closed lower Wednesday with the benchmark Shanghai Composite Index down 5.11 points, or 0.18 percent, to end at 2,913.81.
The transaction volume of China's cross-border trade settled in yuan has increased sharply, as the government approved pilot companies to use the currency in direct overseas investments.
The stock exchanges in Shanghai and Hong Kong look set for a collision course as they seek to attract yuan listings by foreign companies.
Shanghai Fosun Pharmaceutical (Group) Co Ltd (Fosun Pharma) plans to float shares on the Hong Kong Stock Exchange, the Shanghai-listed company said in a filing to the Shanghai Stock Exchange on Tuesday. Analysts regarded the move as a further step in the company's internationalization.
Stocks on the Chinese mainland rose, extending the benchmark index's first monthly gain since October, as slowing growth in manufacturing and home prices eased concerns that the government will take more tightening measures to tame inflation.
