China stocks rise on infrastructure firms, Hong Kong flat

jueves 15 de enero de 2015 01:10 GYT

* CSI300 +0.7 pct, SSEC +1.0 pct, HSI +0.1 pct

* Upcoming IPOs lock up money

* Infrastructure shares get boost from govt investment plan

By Sue-Lin Wong

SHANGHAI, Jan 15 (Reuters) - China stocks rose in thin volume on Thursday, propped up by strong infrastructure firms and the prospect of more policy stimulus after weaker-than-expected bank lending.

The CSI300 index rose 0.7 percent, to 3,527.32 points at the end of the morning session, while the Shanghai Composite Index gained 1.0 percent, to 3,252.91 points.

"IPOs have locked money up in the market, causing tight liquidity," said Li Zheming, an analyst at Datong Securities.

Disappointing lending figures from Chinese banks in December had little impact on market sentiment but the main share index inched higher after the data release.

Some analysts say weaker-than-expected lending, despite official efforts to encourage banks to lend more in the last months of 2014, may bring forward a cut in bank reserve requirement ratios or interest rates.   Continuación...