HONG KONG, June 3 China shares ended weaker on
Tuesday, with Yili, one of the country's biggest milk powder
makers, extending losses and being the biggest drag for both
The Shanghai Composite Index finished flat at
2,038.31 points. The CSI300 of the leading Shanghai
and Shenzhen A-share listings inched down 0.3 percent.
Inner Mongolia Yili Industrial Group tumbled 7.8
percent, closing at its lowest since June 28, 2013. A China
Business News report said four subsidiaries of Yili failed to
make the latest list of qualified infant formula producers.
Bright Dairy & Food shed 3.8 percent, also a top
CSI300 percentage loser.
Chinese banks were stronger bolstered by further monetary
easing measures. Bank of China climbed 1.9 percent
to its highest closing this year.
Last week, China's cabinet announced fresh supportive
measures, including cutting reserve requirement ratios (RRR) for
more commercial banks, expanding re-lending and bond financing
to support small firms.
(Reporting by Grace Li; Editing by Jacqueline Wong)