REFILE-China stocks dip, shrug off govt support measures; HK rebounds

jueves 11 de junio de 2015 01:54 GYT
 

(Corrects to fix typographical errors in paragraph 2 & 14)

* CSI300 -0.1 pct; SSEC -0.2 pct; HSI +0.9 pct

* Beijing unveils fresh measures to bolster economic growth

* HK stocks at 40 pct discount to China stocks, biggest in 6 yrs

By Samuel Shen and Pete Sweeney

SHANGHAI, June 11 (Reuters) - Banking and energy stocks dragged China's market down on Thursday morning, as investors were left unimpressed by the latest measures taken by Beijing to bolster a slowing economy.

Late on Wednesday, China's state council, or cabinet, encouraged local governments to maximise spending this year or face cuts to their 2016 budgets.

The cabinet also vowed to liberalise the consumer credit market, and support cross-border e-commerce.

Separately, China's finance ministry said it has approved a second batch of local government debt swaps worth 1 trillion yuan ($161.2 billion), doubling the size of the existing swap program announced in March.   Continuación...