Hong Kong shares lifted by banks, property; mainland shares slip

miércoles 14 de mayo de 2014 01:12 GYT

* HSI +0.9 pct, H-shares +0.9 pct, CSI300 -0.1 pct

* Central bank support lifts mainland, HK property stocks

* Tencent volatile ahead of earnings

By Natalie Thomas and Grace Li

BEIJING, May 14 (Reuters) - Hong Kong shares hit a three-week high on Wednesday as investors snapped up property and banking stocks after China's central bank urged mainland banks to speed up the granting of home loans.

The news also lifted China property stocks, though gains were not enough to bring the two main indexes in Shanghai into positive territory, as investors sold off beverage and energy heavyweights.

By midday, the Hang Seng Index was up 0.9 percent at 22549.44 points. The China Enterprises Index of the top Chinese listings in Hong Kong also gained 0.9 percent.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings was down 0.1 percent, while the Shanghai Composite Index was down 0.2 percent at 2047.36 points.

China's central bank asked commercial banks on Monday to speed up the granting of home loans and to set mortgage rates at reasonable levels, four sources told Reuters on Tuesday.   Continuación...