The tech company announced plans in December to pare its stake in online retailer JD and sold about $3 billion worth of shares in Southeast Asia's biggest internet company — Sea Ltd. Analysts believe it is a trend for Chinese tech and internet giants to prune their various business lines to focus on their major business activities amid the country's anti-monopoly efforts.

去年12月，这家科技公司宣布计划削减其在在线零售商京东的股份，并出售东南亚最大的互联网公司Sea有限公司价值约30亿美元的股份。分析师认为，在中国反垄断努力中，中国科技和互联网巨头削减各种业务线，专注于其主要业务活动，是一种趋势。

"It is likely that Tencent will continue to pare its asset-heavy companies and gradually turn to its main business, including media and the internet, gaming, social networking, advertising and finance," Pan said.

潘表示：“腾讯很可能会继续削减其重资产公司，并逐步转向其主营业务，包括媒体和互联网、游戏、社交网络、广告和金融。”。

Analysts said the stake sale of Gree Electric is part of the country's push to pare down government ownership in highly competitive industries such as home appliances.

The group has made steady progress in mixed-ownership reform, helping to pare its excess production capacity.

Among the surveyed enterprises, some 31.6 percent said they believe they earned more profits or pared losses in the April-June period, while 39.3 percent said that profits or losses of their firms remained unchanged from the first quarter.

This was the adjustment mechanism that was triggered in the wake of the 2013 US taper tantrum, when the US Federal Reserve's decision to pare back its quantitative easing program caused ructions across global markets.

First-tier cities continued to see their pre-owned home prices pare gains by 0.2 percent compared with the previous month.

Existing home prices, especially in first-tier cities, pared gains last month.

By mid-morning, all three major averages were still struggling, but had pared some losses.

The combined effect of a rising dollar and higher borrowing costs has pared demand in key emerging market economies and made investors shun risky assets aligned with the global economy, including crude oil and equities.

On top of decreasing bond prices, elevated inflation in the US has offset the seemingly high nominal yields on US Treasuries, said Yang Jinghao, chief economist at Concat Data Technology (Hangzhou) Co Ltd. Apart from China shunning potential market losses, Ye from the Bank of China Research Institute said the country's pared US debt holdings will also help diversify and optimize its overseas asset allocation.

The rises somewhat pared Tuesday's falls and came shortly after the State Council, China's Cabinet, announced it would hold a national video call at 3 pm to discuss measures to further stabilize economic growth.

More measures to pare the banks' funding costs can be expected going forward.

On the one hand, equity assets have become a good bet for investors given the attractive historical performance, both in 2019 and the beginning of this year, as well as the expectation of lower interest rates that will pare returns of bond assets but boost stock prices, Yi said.

If United States-based portfolios faced investment limitations on Chinese shares included in MSCI global benchmarks, the index provider said it would not pare the weighting of Chinese stocks but consider building another set of indexes specific for US investors.

Stocks briefly pared losses after Trump, in a tweet, said his administration would release a complete transcript of a call with Ukrainian President Volodymyr Zelenskiy that is at the center of the controversy.

Equities pared losses on the A-share market on Wednesday even as most of the other Asian bourses exhibited a mixed trend on concerns about the ongoing trade dispute between China and the United States.

Major shareholders of companies in computer, telecommunication and electric equipment sectors pared their stakes the most over the past few months.

It is a good time for shareholders to pare their stakes now," Jiang said.

All three major US stock indices pared losses after White House economic adviser Larry Kudlow denied a report by the Financial Times that the Trump administration had canceled preliminary trade talks with China.

Therefore, share holdings have already been pared," said Wu Lifang, an analyst and a former senior manager at credit department of Huaxia Bank's Beijing branch.

Jing Ulrich, vice-chairwoman of Asia Pacific at JPMorgan Chase & Co. [Photo provided to China Daily]Talks between the EMI and China's A-share index centered on this pared down solution, according to the MSCI's consultation document published on its website in March.