Stocks on the Chinese mainland fell on Friday, capping a fifth week of losses for the benchmark index.
Warren Buffett's support for BYD Co is proving no solace for investors, as analysts rate the Chinese automaker the lowest among global peers.
China's stocks fell nearly 1 percent on Friday following a more than 3 percent fall in the Wall Street on heightened concerns of a double-dip recession of the global economy.
China should reduce its holdings of US Treasury bonds to protect the value of its massive foreign exchange reserves despite reassurances from US Vice-President Joe Biden, analysts said on Thursday.
The Chinese currency renminbi, or the yuan, weakens 90 basis points to 6.4032 per US dollar on Friday, according to the China Foreign Exchange Trading system.
Exchange Traded Funds (ETFs) will attract investors from the Chinese mainland, Hong Kong's Secretary for Financial Services & the Treasury KC Chan said on Thursday.
Dongfang Shipbuilding Co Ltd floated on the Alternative Investment Market of the London Stock Exchange on Thursday as the first Chinese shipbuilder.
Chinese investors have showed growing interest in futures products over the past year amid volatile commodity prices.
Stocks on the Chinese mainland fell the most in more than a week on Thursday. The retreat came after Morgan Stanley and Deutsche Bank AG cut their economic growth forecasts for the Asian country.
Tudou Holdings Ltd tumbled 12 percent in its first day of trading after raising $174 million in a US initial public offering, selling at a discount to larger rival Youku.com Inc.
Chinese financial institutions increased credit support to the country's small business to shore up their growth, despite maintaining an overall lending curb, a central bank official said on Thursday.
Hong Kong stocks gained 76.95 points, or 0.38 percent, at 20,289.03 on Wednesday.