China's stock index futures closed higher on Wednesday with the contract for August, the most actively traded, up 0.48 percent from the previous day to 2,994.2 points.
Mongolia's state-owned miner Erdenes Tavan Tolgoi (TT) LLC has signed a $250 million deal to sell coal from the east Tsankhi deposit to Aluminium Corp of China Ltd, also known as Chalco, it said in a statement on Wednesday.
China may refrain from raising banks' reserve requirement ratios (RRR) this month and in August as capital inflows lose steam alongside a decline in the amount of maturing bills and repos, the China Securities Journal reported on Wednesday.
China should gradually make real bank deposit rates positive and continue to use open market operations and bank reserve requirements to slow money supply, an academic adviser to the People's Bank of China said in comments published on Wednesday.
Stocks advanced on the Chinese mainland, lifting the benchmark index from a one-month low.
Hong Kong shares ended higher on Tuesday, led by good performance of financial heavyweights.
Haitong Securities has become the latest underwriter to be left holding a big portion of a public share placement in China's domestic market, highlighting the risks bookrunners face in increasingly difficult conditions.
Railway company stocks plunged in a panic selling amid investor concerns that train crash may trigger a substantial slowdown in rail investment.
China's central bank will not drain funds from the money markets through 28-day bond repurchase agreements on Tuesday, traders said.
Stocks on the Chinese mainland fell the most in two months as railway shares plunged after a deadly bullet-train accident, while the political stalemate over the US debt limit boosted concern that the world's biggest economy will default.
Chinese companies listing overseas are expected to seek to improve their image to shake off the credibility crisis in the US stock market.
Mainland hedge fund Springs Capital is expanding its presence to Hong Kong as it looks to strengthen its expertise on H shares and win more offshore clients, a top executive said on Monday.