Futures on the CSI 300 Index expiring in June rose 0.1 percent to 2,146.20 at 9:18 a.m. China State Construction, the nation��s largest housing contractor, said it will sell as many as 300 million preferred shares in a private placement. The sale, which needs approvals by shareholders and the regulator, is the largest such offering by the nation��s non-bank firms.
The Shanghai Composite Index added 0.3 percent to 2,041.48 yesterday after Premier Li Keqiang said the nation will fine-tune policy to support growth..
The Shanghai index has lost 3.5 percent this year through yesterday, while the Hang Seng China Enterprises Index retreated 6.4 percent amid concern slowing economic expansion and a weaker property market will hurt earnings. That compares with a 2.7 percent advance by the MSCI All-Country World Index.
Copy Source: Bloomberg