The Shanghai Composite Index fell 4.13 percent to close at 3,579.147 while the Shenzhen Composite Index dropped 4.35 percent to close at 1,073.81 on Wednesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 133.547 billion and RMB 59.36 billion, respectively.
Shares of real estate company China Vanke Co., Ltd. (000002.SZ) dropped 7.58 percent to reach RMB 22.55. The company released April sales of RMB 4.32 billion, up 73.5 percent year-on-year and down 35.3 percent quarterly, on Tuesday.
Linuo Solar Energy Group (600885.SH) shares rose 9.98 percent to reach RMB 13.77.