China stocks rise on mainland as Hong Kong follows US markets lower

viernes 16 de enero de 2015 00:26 GYT
 

* CSI300 +0.8 pct, SSEC +1.0 pct, CHINEXT +2.41 pct, HSI -1.0 pct, HSCE -1.2 pct

* CSI banks rise on c.bank raising relending quota

* China Overseas declines on frozen project

By Jake Spring

BEIJING, Jan 16 (Reuters) - China stocks were mixed on Friday as financial and manufacturing shares lifted mainland markets while the Hong Kong bourse sank on information technology, finance and property losses.

The CSI300 index rose 0.8 percent, to 3,632.35 points at the end of the morning session, while the Shanghai Composite Index gained 1.0 percent, to 3,371.23 points.

The CSI300 banking index rose 0.78 percent after the central bank announced it would increase relending quotas to banks by $8.1 billion, to support agriculture and small companies.

Shenzhen's Nasdaq-like ChiNext board - home to many IT and small cap companies - posted stronger gains than Shanghai, climbing 2.41 percent in morning trading.

The Hang Seng index dropped 1.0 percent, to 24,107.56 points. The Hong Kong China Enterprises Index lost 1.2 percent, to 12,048.97.   Continuación...