Sectors were mixed, with gains in consumer and new energy stocks were offset by losses in healthcare stocks after reports that average price cut was 56% among the 251 products for 61 types of medicines.
At closing bell, the benchmark Shanghai Composite Index was up 0.01%, or 0.43 point, to 3,566.65. The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.5%, or 12.02 points, to 2,415.36. The blue-chip CSI300 index advanced 0.17%, or 8.58 points, to 5,15.97.
CURRENCY NEWS: China yuan declined against the dollar on Wednesday after weaker mid-point fixing by central bank. Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 6.4824 per dollar, weaker by 0.31% from the previous fix of 6.4621. In the spot market, onshore yuan CNY=CFXS was at 6.4804, down by 0.09% from the previous late session close.
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