China stocks closed up on Tuesday with foreign capital extending net buying for a second consecutive day, while focus was also on policy support for the country’s struggling property sector. Hong Kong shares were also up.
Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said on Monday.
China’s property market volatility has limited impact on the country’s financial system, and some ” positive signals ” have emerged in the market, the central bank’s governor said on Monday.
Foreign capital recorded net buying of 4.7 billion yuan ($651.09 million) via the Stock Connect scheme’s northbound trading link.
China’s main Shanghai stock market 000001 ended firmer on March 26, while its main blue-chip Shanghai Shenzhen CSI 300 index 3399300 closed up on the day.
** At the close, the Shanghai Composite index 000001 was up 0.17% at 3,031.48.
** The blue-chip CSI300 index 3399300 was up 0.51%, with its financial sector sub-index 3399914 higher by 1.13%, the consumer staples sector 0000912 up 1.31%, the real estate index 000952 up 1.09% and the healthcare sub-index
399913 down 0.27%.
** The smaller Shenzhen index 399106 ended up 0.18% and the start-up board ChiNext Composite index 3399006 was higher by 0.441%.
** Around the region, MSCI’s Asia ex-Japan stock index (.MIAPJ0000PUS) was firmer by 0.41%, while Japan’s Nikkei index NI225 closed down 0.04%.
** At 0723 GMT, the yuan USDCNY was quoted at 7.2203 per U.S. dollar, 0.12% weaker than the previous close of 7.212.
** In Hong Kong, the Hang Seng index HSI was up 144.68 points or 0.88% at 16,618.32. The Hang Seng China Enterprises index
HSCEI rose 1.23% to 5,825.42.
** The sub-index of the Hang Seng tracking energy shares (.HSCIE) dipped 0.7%, while the IT sector (.HSCIIT) rose 1.68%, the financial sector (.HSNF) ended 0.79% higher and the property sector rose 0.38%.
($1 = 7.2187 Chinese yuan renminbi)

















