China stocks flat despite Vanke excitement; HK rises on UK easing

viernes 5 de agosto de 2016 00:52 GYT
 

* CSI300 +0.1 pct; SSEC -0.1 pct; HSI: +1.5 pct

* Chinese data in coming weeks likely show steady growth-polls

* Property shares firm as Vanke jumps on Evergrande purchase

SHANGHAI, Aug 5 (Reuters) - China stocks were little changed on Friday and on track to end the week roughly flat as worries about the economy and regulators' crackdown on speculation keep investors on the sidelines.

But Hong Kong shares follow other Asian markets higher after the Bank of England launched a larger-than-expected monetary stimulus package.

China's blue-chip CSI300 index inched up 0.1 percent to 3,203.80 points by the lunch break, while the Shanghai Composite Index dipped 0.1 percent to 2,979.38.

Turnover has been thin recently, as regulators have tightened supervision over speculative trading, while risk appetite has been curbed by few signs of economic recovery and questions about the extent of further stimulus.

A flurry of Chinese data in coming weeks will likely paint a picture of broadly steady growth, Reuters polls show, but tepid demand, slowing investment and rising debt levels remain pressing concerns for the world's second-largest economy.

Amid concerns about growing credit risks, China's central bank may be reluctant to cut interest rates or banks' reserve requirements anytime soon unless there are clear signs of a renewed eocnomic downturn, Capital Economics said in a note on Thursday.   Continuación...