BUZZ-China ADRs fall as domestic shares retreat after three sessions of gains

** U.S.-listed shares of Chinese companies fall between 1% and 3% in premarket trading as domestic counterparts slip after three sessions of gains following the government's decision to roll out policy support

** Blue-chip index lost 0.3% but logged a 2% weekly gain

** Hong Kong's Hang Seng Index eased 1.6%, but gained 4.2% this week, its best weekly performance this year

** People's Bank of China announced a deep cut to bank reserves on Wednesday, in a move that will inject about $140 billion of cash into the banking system

** E-commerce firms Alibaba Group Holding , JD.com

and PDD Holdings fall 1.4%-2.3%

** Gaming stock Bilibili slides 3.1% and peer NetEase down 2.2%, while search engine giant Baidu

sheds 2.5%

** EV firms Li Auto , Nio and Xpeng slip between 1.7% and 2.2%

** Music streaming co Tencent Music Entertainment Group

and online video platform IQIYI fall 1% and 2.2%, respectively; social media co Weibo loses 1.3%

** Online brokerages Futu Holdings and UP Fintech Holding dip 2.3% and 0.5%, respectively

** China ETFs such as IShares MSCI China ETF , China Large-Cap ETF and KraneShares CSI China Internet ETF

fall 1.3%-1.9%; Direxion China CSI Daily Bull 2X

slides 3.7%

(Reporting by Shubham Batra in Bengaluru)