China Stocks fall as govt moves toward IPO reforms

The Mainland China stock market ended down after a volatile trade on Thursday, 10 December 2015, after reports that the Chinese regulators would introduce new rules for IPO listings in March 2016.Total 7 out of 10 industry categories on the main section lost ground, with decliners being led by industrials, utilities, and consumer discretionary issues. The Shanghai Composite Index declined 0.49%, or 16.94 points, to close at 3455.50, erasing an intraday gain of as much as 0.9%. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.11%, or 2.35 points, to close at 2211.86. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, rose 1.03%, or 27.59 points, to close at 2695.51.

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