SHANGHAI Aug 20 China's stock indexes ended
lower on Wednesday, on concerns that upcoming new listings will
dilute market liquidity even as investors look to take profits
from a rise in some large-cap shares.
Analysts also said sentiment was dampened by profit-taking
in some index heavyweight shares, as well as a sell-off in media
stocks on the ChiNext board after a three-day rally.
The Shanghai Composite Index finished down 0.2
percent at 2,240.21 points, while the CSI300 of
leading Shanghai and Shenzhen A-share listings fell 0.4 percent
to 2,366.14 points.
Late on Tuesday, the Chinese Securities Regulatory
Commission (CSRC) announced that 11 Chinese companies would
launch initial public offerings (IPO), with subscriptions
starting at the end of August.
(Reporting by Chen Yixin and Pete Sweeney; Editing by