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JUL 21, 2013 - MarketWatch

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Shanghai stocks retreat as Hong Kong shares rise

HONG KONG (MarketWatch) -- Mainland Chinese stocks fell Monday as lingering economic concerns outweighed the People's Bank of China decision Friday to remove a floor on banks' lending rates, with the losses weighing on shares traded in Hong Kong. The Shanghai Composite fell 0.8%, while in Hong Kong, the Hang Seng Index rose 0.1% and the Hang Seng China Enterprises Index slipped 0.1%. Shares of China Construction Bank Corp. lost 1.2% and Industrial & Commercial Bank of China Ltd. shed 0.8% in Shanghai amid expectations that the removal of floor on lending rates won't help banks' ... Read More

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