China stocks flat after industrial profit data; Hong Kong mixed
* CSI300: flat; SSEC: flat; HSI -0.2 pct
* Investors have lukewarm response to stronger industrial profits
* IMF urges China to push ahead with corporate restructuring
SHANGHAI, April 27 (Reuters) - China stocks were flat on Wednesday morning, with investors hugging the sidelines despite stronger industrial profits on doubts over the sustainability of the recovery and concerns about a government crackdown in the commodities market.
Hong Kong shares were mixed, with market sentiment cautious ahead of U.S. and Japanese central bank policy decisions.
Both China's blue-chip CSI300 index and the Shanghai Composite Index ended morning trading flat, at 3,180.12 points and 2,965.61 points, respectively.
In Hong Kong, the Hang Seng Index dropped 0.2 percent, but the Hong Kong China Enterprises Index gained 0.2 percent.
Investors had a lukewarm response to news that profits earned by Chinese industrial companies rose 11.1 percent in March from a year earlier, as the market has already priced in a tentative economic recovery in the first quarter.
The focus has now shifted to whether the debt-fuelled recovery is sustainable. Continuación...