Shanghai Composite Index & CSI 300 Index were Dropped

The Shanghai Composite Index, which remains the largest stock exchanges in China, fell 0.2 percent to 2,866.98 as of 14:27 local time. The CSI 300 Index fell 0.1 percent to 3,193.03.

Banks: Agricultural Bank of China Ltd. (601.288 CH) lost 0.4 percent to 2.63 yuan after the Economic Observer said regulators are evaluating the data from the lenders to complete the new monitoring requirements. Industrial & Commercial Bank of China Ltd. (601398 CH) fell 0.5 percent to 4.30 yuan, fixed to the lowest close since 29 October.

The regulator will require lenders to maintain a minimum overall share capital adequacy of 8 percent, 2.5 percent of surplus capital and a countercyclical buffer to 2.5 percent, the Economic Observer report said.

Anhui Gujing Distillery Co. (000596 CH) rose 10 percent to 90.75 yuan, to set the highest close since its announcement in October 1996. The company plans to increase to 1.3 billion yuan from a private placement of up to 20 million shares, according to a statement from the Chinese liquor maker in Shenzhen stock exchange.

Anhui Huamao Textile Co. (000850 CH) rose 7.7 percent to 9.50 yuan, set for biggest gain since Jan. 13, after the company said it will invest 800 million ($ 120 million) in the GF Securities Co. through a private placement.

Henan Shuanghui Investment & Development Co. (000895 CH), a food producer, rose 7.8 percent to 54.43 yuan, set for its highest close since March 1. The management of the company offered to buy the company for 56 yuan per share. The action resumed the day today after being suspended on 22 March.

Huadian Power International Corp. (600027 CH) advanced 2.3 percent to 3.95 yuan, fixed for the highest close since Nov. 11. The electricity producer agreed to buy the rights to mine coal in two wells in China for 704.5 million yuan, according to a statement to the stock exchange on 26 November.

Zhejiang Jinggong Science & Technology Co. (002006 CH) increased by 10 percent limit to 31.96 yuan daily, set for the highest close since at least June 2004. The machinery maker said it won a contract to supply equipment for solar energy production valued at 402 million yuan.

- Irene Shen, Liza Lin. Editors: Reinier Booysen, Darren Boey.