China shares mixed on free trade zone plans, HK up on earnings

jueves 24 de abril de 2014 01:04 GYT
 

* Guangdong shares rise on Pearl River Delta FTZ plans

* China property gain on comments from former official

* Summit Ascent Holdings jump on casino project stake

By Natalie Thomas

BEIJING, April 24 (Reuters) - China shares were mixed on Thursday as free trade zone development plans dominated trading, while Hong Kong stocks found support from earnings and a rebound in China Unicom.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings edged up 0.1 percent by midday, while the Shanghai Composite Index was down 0.1 percent at 2,064.56 points.

The Hang Seng Index was up 0.1 percent at 22,533.20 points. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.3 percent.

Shanghai free trade zone firms continued to pull back after strong gains earlier in the week. Shanghai Waigaoqiao Free Trade Zone Development Co Ltd fell 2.3 percent and Shanghai Lujiazui Finance and Trade Zone Development Co Ltd dropped 4.1 percent by the lunch break.

But stocks with an exposure to the Pearl River Delta got an extra boost after the Guangdong provincial government said it would speed up the development of a free trade zone in the region, which would link Guangdong with Macau and Hong Kong.   Continuación...