HONG KONG – Hong Kong stocks edged lower in choppy trade early Tuesday, with the Hang Seng Index down 0.1% at 22,668.81. Most Chinese banks declined, as a state-run newspaper reported that China is tightening controls on the rapidly growing shadow banking system and has drawn up new regulations to limit the growth in unregulated loans. Bank of China Ltd fell 0.3%, Bank of Communications Co. slipped 0.2%, and China Merchants Bank Co. dropped 0.5%. Casino stocks rose, as investors have been bidding up the shares since Macau reported an increase of almost 20% in gambling revenue last year. Wynn Macau Ltd jumped 5.2%, MGM China Holdings Ltd advanced 3.4%, and Galaxy Entertainment Group Limited gained 1.9%. On the Chinese mainland, the Shanghai Composite Index fell 0.6%.
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