China shares fall again despite PBOC comments, Hong Kong rebounds

China shares fell again on Wednesday as comments by the central bank failed to end worries about a cash crunch, while Hong Kong shares rebounded as investors hunted for bargains after recent market turmoil.

The “Big Four” Chinese banks extended losses in China even though the country’s short-term borrowing rates eased for a fourth day and the People’s Bank of China moved late on Tuesday to allay fears of a banking crisis. Worries have driven Shanghai shares to their lowest in nearly 4½ years.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1269400/china-shares-fall-again-despite-pboc-comments-hong-kong