China stocks edge up on coal, bond plans; Hong Kong flat

miércoles 21 de mayo de 2014 00:59 GYT
 

* HSI -0.1 pct, H-shares +1.0 pct, CSI300 +0.2 pct

* Chinese coal shares up report of more trading markets

* Lenovo rises to 5-week high ahead of earnings (Updates to midday)

By Donny Kwok and Chen Yixin

HONG KONG/SHANGHAI, May 21 (Reuters) - China shares rose slightly on Wednesday, helped by coal stocks after a news report the National Development and Reform Commission (NDRC) plans to establish two or three national markets for coal trading.

A Reuters report that China is allowing local governments to sell municipal bonds in an experiment to clean up messy state budgets also improved sentiment, brokers said.

The CSI300 of the leading Shanghai and Shenzhen listings was up 0.2 percent, while the Shanghai Composite Index rose 0.1 percent to 2,010.96 points.

"It's clear that there are some funds to support the index moving above 2,000 points and today's focus is the coal and software industries," said Zheng Weigang, analyst at Shanghai Securities in Shanghai.

At midday, the Hang Seng Index was down 0.1 percent at 22,813.21 points. The China Enterprises Index of the top Chinese listings in Hong Kong was up 1 percent.   Continuación...