Hong Kong stocks rise, China flat; markets look ahead to Fed,

miércoles 21 de septiembre de 2016 00:56 GYT

* SSEC flat, CSI300 flat, HSI 0.3 pct

* Major China steelmakers jump on merger hopes

* Chinese money continues to flow into Hong Kong

SHANGHAI, Sept 21 (Reuters) - Hong Kong stocks were firm on Wednesday morning ahead of the Federal Reserve's policy meeting, while persistent sluggishness in China's equity market helped to extend the flow of mainland money into Hong Kong.

The Hang Seng index added 0.3 percent, to 23,603.86 points, while the Hong Kong China Enterprises Index gained 0.6 percent, to 9,812.73.

China's stock market was flat.

Investors remain focused on major central bank meetings. Earlier on Wednesday, the Bank of Japan decided to adopt a target for long-term interest rates in an overhaul of its massive stimulus programme.

Markets are also watching out for the U.S. Federal Reserve policy decision, due later in the global day. Both hawkish and dovish comments from Fed officials recently have stoked volatility in financial markets, although consensus is now centred on a U.S. rate hike by year-end.

However, the Hong Kong market has been relatively immune to global market volatility recently, thanks to strong Chinese money inflows, according to Linus Yip, strategist at First Shanghai Securities Ltd.   Continuación...