China Stocks fall on Anbang news

The Mainland China equity market closed lower on Wednesday, 14 June 2017, as investors sentiment was soured by a media report alleging a probe of the head of financial conglomerate Anbang Insurance Group, plus weak May investment data that deepened worries of economic deceleration. The International Monetary Fund's forecast of a 6.7% growth for China's economy this year, slightly higher than 6.6% last year, didn't ignite the market. The Shanghai Composite Index shed 0.73% to end at 3,130.67 points.

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