Chinese equities ended trading on Monday with the benchmark Shanghai Composite Index on the Shanghai bourse down 1.07 percent.

The Shanghai Composite Index closed at 3,080.56 points, down 33.38 points. The Shenzhen Component Index closed at 12,660.55 points, down 45.46 points, or 0.36 percent.

China State Construction Engineering Corporation (CSCEC), China's largest home builder, has obtained regulator approval and started initial public offering (IPO) in Shanghai stock market Monday.

Total turnover shrank to 268.78 billion yuan (US$39.35 billion) from 277.26 billion yuan on the previous trading day.

(Xinhua News Agency July 13, 2009)