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The exchange rate of the yuan is responsive to market demand and is not being manipulated by the government, a senior official said Wednesday.
China's Supreme People's Court (SPC) issued a circular urging the proper handling of conflicts concerning private loans following a number of cases of bosses being unable to pay back informal high-interest loans, forcing enterprises to the verge of bankruptcy.
Analysts and investors welcomed the Shanghai Futures Exchange's plan to accept foreign traders as its members, saying the change will invigorate trading and increase the exchange's pricing power.
In underdeveloped areas of China, rural banks are gaining momentum as a supplement to major lenders and a lifesaver to small-business owners, farmers and other individuals.
Hong Kong stocks closed down 237.46 points, or 1.24 percent, at 18,942.23 on Tuesday.
China's stock index futures closed lower Tuesday with the contract for December, the most actively traded, down 0.73 percent from the previous trading day to 2,519.4 points.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, climbed 5.6 points, or 0.71 percent, to close at 798.1 on Tuesday.
Chinese stock markets closed mixed on Tuesday with the benchmark Shanghai Composite Index down 0.31 percent, or 7.32 points, to close at 2,325.91.
Chinese stocks closed lower Monday on weak confidence from Chinese investors, but bank and developer shares were strong as the central bank's cuts of reserve requirement ratio start Monday.
Hong Kong stocks closed up 139.3 points, or 0.73 percent, at 19,179.69 on Monday.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, dropped 36.68 points, or 4.42 percent, to close at 792.5 on Monday.
China's stock index futures closed lower Monday with the contract for December, the most actively traded, down 1.14 percent from the previous trading day to 2,536 points.
