Modest policy direction and continued regulatory actions pressured Chinese equity markets, certain companies were able to mount a comeback, but the overall market remains on the soft end. Over the month of August, the CSI 300 index lost 0.12% (0.10% in US$ terms), the Shanghai Composite was up 4.31% (4.33% in US$ terms), whereas the Hong Kong Hang Seng Index was also down 0.32% (0.38% in US$ terms).