Hong Kong shares up on Chinese insurers, China stocks flat

jueves 29 de mayo de 2014 01:07 GYT

* HSI +0.5 pct, H-shares +0.7 pct, CSI300 flat

* HK-listed Chinese insurers outperform after Morgan Stanley upgrade

* Kingsoft tumbles due to weaker-than-expected earnings

* Pharmaceutical sector strong on China healthcare reforms (Updates to midday)

By Grace Li

HONG KONG, May 29 (Reuters) - Hong Kong shares rose on Thursday, lifted by Chinese insurers which posted strong gains after Morgan Stanley upgraded the sector.

China shares were flat at midday despite strength in the pharmaceutical sector, buoyed by newly announced reform policies allowing more access to the healthcare system by private hospitals.

The Hang Seng Index was up 0.5 percent at 23,186.78 points, edging closer to its April highs. The China Enterprises Index of the top Chinese listings in Hong Kong jumped 0.7 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings and the Shanghai Composite Index both ended the morning session flat. The Shanghai benchmark index stood at 2,050.54 points.   Continuación...