Chinese stocks ended mixed on Thursday as foreign direct investments took a dip in January.
The Shanghai Composite Index, the main gauge of Chinese stocks, slid 0.023% or by 0.76 points to 3,350.78. The Shenzhen Component Index inched up 0.20% or by 21.89 points to 10,794.55.
China's foreign direct investment slid 13% year over year to 97.6 billion yuan in January, while the number of newly established foreign-invested enterprises fell 7.8% to 4,229, the commerce ministry said.
Manufacturing investment reached 28.8 billion yuan while investment in services reached 66.8 billion yuan.
The Commerce Ministry will visit foreign companies to understand their needs and find solutions to their concerns, Bloomberg News reported separately, citing remarks by Vice Minister Ling Ji made Thursday.
Meanwhile Commerce Minister Wang Wentao "strongly" criticized US tariffs in his congratulatory letter to newly confirmed US Commerce Secretary Howard Lutnick.
Wang said the tariffs "undermined the normal economic and trade cooperation between China and the US," the ministry said.
The People's Bank of China also kept the benchmark lending rates unchanged, with the one-year loan prime rate at 3.1% and the five-year LPR at 3.6%.
In corporate news, digital store services company Hanshow (SHE:301275) filed for an initial public offering of 42,240,000 shares in Shenzhen. The shares will be issued Feb. 28.
Rising Nonferrous Metals (SHA:600259) closed 6% higher while China Rare Earth Resources and Technology (SHE:000831) finished 3% higher after the country opened public feedback for draft regulations aimed at protecting its rare earth industry.
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