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1st LD-Writethru: China stocks open lower on Thursday

Xinhua, July 9, 2015 Adjust font size:

Chinese stocks continued losses on Thursday, with the benchmark Shanghai Composite Index down 2.13 percent to open at 3,432.45.

The Shenzhen Component Index opened 0.79 percent lower at 10,953.33.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, opened 1.1 percent lower at 2,338.11 points.

Shares fell across the board in most industries, with finance, aviation and transportation companies leading the losses.

On Thursday morning, the government unveiled a new batch of supportive policies to arrest the further slump of the market, which has been in a downward spiral for more than three weeks.

China's securities watchdog announced on Thursday that China Securities Finance Corporation Limited (CSF), the national margin trading service provider, will provide liquidity to apply for the purchase of public funds.

China's central bank said Thursday it will continue to support the liquidity needs of CSF to stabilize the market. Endi