China stocks fall weighed by IPOs, banks

SHANGHAI: China stocks fell on Wednesday morning as a dozen initial public offerings hit a market already pulled down by bank heavyweights on signs of accelerated interest rate liberalisation that threatens their margins.

The CSI300 index fell 1.2 percent, to 5,098.63 points, while the Shanghai Composite Index lost 1.0 percent, to 4,860.58 points. Hong Kong stocks were mixed.