China stocks slide on property woes, lending crackdown, HK dips

jueves 25 de agosto de 2016 01:25 GYT

* SSEC -1.1 pct, CSI300 -1.2 pct, HSI -0.1 pct

* Vanke downgrade, regulatory fears weigh on property stocks

* Banks rattled by bad debt worries, clampdown on riskier lending

* Investors brace for bad loan and earnings reports from banks

* HK->Shanghai Connect daily quota used 2 pct, Shanghai->HK daily quota used 6.8 pct

BEIJING, Aug 25 (Reuters) - China stocks looked set for their worst day in a month on Thursday as investors dumped property shares and banks came under pressure ahead of earnings reports and a crackdown on riskier lending practices in the financial sector.

The CSI300 index, which tracks the largest listed companies trading in Shanghai and Shenzhen, fell 1.2 percent to 3,290.53 points by early afternoon.

The Shanghai Composite Index lost 1.1 percent to 3,051.28. Both indexes were poised for their biggest one-day percent drop since July 27.

The property sector was among the top losers, slumping 3 percent to its lowest since Aug.12.   Continuación...