BEIJING, April 24 China shares slipped on
Thursday as Shanghai free trade zone-linked companies faced more
profit-taking following their strong gains earlier in the week,
while rises in property stocks helped limit some of the decline.
The Shanghai Composite Index ended down 0.5 percent
at 2,057.03 points. The CSI300 index of the leading
Shanghai and Shenzhen A-share listings shed 0.2 percent.
Shanghai free trade zone firms continued to pull back, with
Shanghai Waigaoqiao Free Trade Zone Development Co Ltd
falling 3.8 percent and Shanghai Lujiazui Finance
and Trade Zone Development Co Ltd down 5 percent.
Property stocks climbed after Chinese media reported a
former official as saying that the government would act
cautiously to try and deflate the country's property bubble and
that house purchase restrictions may soon be relaxed. The CSI
real estate subindex rose 1.7 percent.
(Reporting By Natalie Thomas; Editing by Chris Gallagher)