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Hang Seng China Enterprises Index fell 98.42 points Wednesday, or 0.98 percent, to close at 9, 919.35, following the first two days of going up.

The H-shares index, initiated in August 1994 and readjusted on September 11, 2006, tracks the overall performance of 37 Chinese mainland State-owned enterprises listed on the Hong Kong Stock Exchange.

Hang Seng China H-Financials Index also fell by going down 83.52 points, or 0.67 percent, to close at 12,461.47.

The H-Financials Index, initiated on November 27, 2006, tracks the performance of eight major banks and insurers of the Chinese mainland.

However, Hang Seng China-Affiliated Corporations Index remained stable by moving up 0.02 points, to close at 3293.01.

The index tracks the performance of 31 locally listed companies with a significant equity interest held by entities in the Chinese mainland.

Hang Seng Mainland Composite Index declined 10.29 points, or 0.32 percent, to close at 3,237.45.

Introduced on October 3, 2001 and readjusted on September 11, 2006, Hang Seng Mainland Composite Index gauges the performance of 103 Hong Kong-listed companies with principal places of business in Hong Kong and the Chinese mainland.

(For more biz stories, please visit Industry Updates)