China stocks fall as bank weakness offsets property strength; HK flat
* CSI300: -0.4 pct; SSEC: -0.5 pct; HSI: flat
* bank shares corrected but property stocks continue to surge
* c.bank official says China banking system has ample liquidity
SHANGHAI, Aug 16 (Reuters) - China stocks pulled back from seven-month highs on Tuesday as a correction in bank shares offset continued strength in the property sector.
Hong Kong shares were roughly flat after retreating from nine-month highs, while other Asian stock markets saw modest gains, buoyed by a strong Wall Street performance overnight.
China's blue-chip CSI300 index fell 0.4 percent to 3,379.41 points by the lunch break, while the Shanghai Composite Index lost 0.5 percent to 3,108.95.
After weaker-than-expected July lending and money supply data on Friday, China's central bank has sought to reassure markets that credit conditions remain supportive.
The People's Bank of China injected more liquidity into the banking system on Monday, extending 289 billion yuan ($43.55 billion) of medium term lending facility loans.
However, expectations of more aggressive monetary easing soon by the central bank - such as cuts in interest rates or banks' required reserve ratios (RRR) - were weakened after a senior central bank official said China's banking system has ample liquidity, and that interest rates are already at a low level. Continuación...