China stocks rise as govt waives $1 bln investment limit

viernes 27 de marzo de 2015 00:47 GYT

* CSI300 +0.5; SSEC +0.3; HSI flat

* Real estate stocks up on govt policy support

* China market on track to end the week up about 2 pct

By Samuel Shen and Pete Sweeney

SHANGHAI, March 27 (Reuters) - China stocks rose on Friday morning, led by property shares which rose sharply on expectations of increased support, and bolstered by the government raising limits in its qualified investor scheme.

Energy shares remained strong on continuing tension in the Middle East.

The impact of poor economic data released on Friday - showing profits earned by Chinese industrial firms fell 4.2 percent in January-February - was offset by expectations of fresh money inflows after China waived the $1 billion limit on a foreign fund investment under the Qualified Foreign Institutional Investor (QFII) scheme.

"We have seen some volatility lately, which is natural," said Li Haoshu, Shanghai-based analyst at Chuancai Securities.

"We expect to see the market to go up further, because fresh liquidity continues to flow in," she said, adding that lifting of QFII's investment ceiling would lead to more foreign interest in Chinese stocks.   Continuación...