Briefly

Foreign exchange reserves down in June

China's foreign exchange reserves stood at $3.4163 trillion at the end of last month, down by $26 billion, or 0.75 percent, from the level at the end of May, official data showed. In June, the US dollar index rose, while prices of major global financial assets were mixed, State Administration of Foreign Exchange noted. A combination of factors, including exchange rate translation and changes in asset prices, led to a decline in China's foreign exchange reserves last month, the administration added.

Chinese mainland shares close lower

Chinese mainland shares closed lower on Wednesday, with the benchmark Shanghai Composite Index down 0.49 percent at 3970.88 points. The Shenzhen Component Index closed 1.87 percent lower at 14939.73 points.

XINHUA-CHINA DAILY