The Mainland China stock market ended steep lower on Monday, 28 December 2015, as risk sentiments hammered after weaker than expected industrial profit data for November and a looming revamp of the country's initial public offering (IPO) system. Most sectors lost ground, with industrial and banking stocks leading the decline. The Shanghai Composite Index stumbles 2.59%, or 94.13 points, to close at 3533.78. The Shenzhen Composite Index, which tracks stocks on China's second exchange, declined 2.18%, or 51.35 points, to close at 2308.38. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 2.12%, or 59.24 points, to close at 2735.49.
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