(Yicai Global) April 23 - Chinese three benchmark stock indexes closed lower today, with shares related to smartphones, the 5G communications network and new-energy vehicle charging piles leading the retreat.

The Shanghai Composite Index ended at 2,838.50, down 0.19 percent, while the Shenzhen Component Index closed 0.50 percent lower at 10,564.05. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, lost 0.67 percent at 2,029.52.

China’s securities regulator, in a bid to arrest potential risks amid rising volatility in the country's securities markets, will turn down the applications for ETF products that invest in sectors like semiconductors, 5G and NEVs, Yicai Global recently learned from various people who work for mutual funds.

Editor: Ben Armour