Shanghai Index Closes Lower on Pre-Holiday Caution, GEM Liquidity Pressure

Compiled by staff

(.com.cn) Chinese equities fell on Sept. 29, as real estate, steel and entertainment companies pushed the Shanghai Composite Index down 0.33 percent to 2,754.54 points.

Liquidity continued to be a concern after the first 10 Growth Enterprise Market listing candidates raised 784.1 billion yuan from share subscriptions, keeping a large quantity of investible funds away from the market.