China shares rise on hope for c.bank moves, Hong Kong up on US data
* HSI +0.4 pct, H-shares +0.7 pct, CSI300 +0.2 pct
* PBOC seen ready to inject 200 bln yuan into several banks
* Investors remain cautious ahead of GDP data
* HSI gains on good U.S. consumer sentiment data
By Chen Yixin and Kazunori Takada
SHANGHAI, Oct 20 (Reuters) - China shares rose on Monday on speculation of further policy easing after news that the country's central bank was set to inject funds into to several banks, while Hong Kong's market gained on positive U.S. data.
The People's Bank of China is set to inject about 200 billion yuan ($32.66 billion) worth of three-month loans into five or six listed banks to keep liquidity ample and support the slowing Chinese economy, four sources with knowledge of the matter told Reuters on Friday.
The news helped push the Shanghai Composite Index up 0.3 percent to 2,347.0 points by midday. The CSI300 of the leading Shanghai and Shenzhen A-share listings also gained 0.2 percent.
"This is the reason for today's rise, but I think the impact is limited and I still remain cautious about the domestic economy," said Cao Xuefeng, head of research at Huaxi Securities in Chengdu. Continuación...