China shares up on hopes for relaxed investment rules, Hong Kong slips
* HSI -0.1 pct, H-shares +0.6 pct, CSI300 +0.4 pct
* Shanghai stocks up on reports about free-trade zone
* Moutai, liquor stocks fall on weak 2014 outlook (Updates to midday)
By Alice Woodhouse and Natalie Thomas
HONG KONG, March 25 (Reuters) - China stocks rose on Tuesday morning, largely due to strong gains by companies linked to Shanghai's free trade zone after media reports indicated restrictions on foreign investors there could be relaxed.
Gains were partially offset by declines in liquor counters led by Kweichow Moutai Co Ltd, which forecast only a small revenue increase this year.
Hong Kong shares eased slightly as investors looked for direction ahead of Chinese bank earnings later this week.
Agricultural Bank of China will announce its earnings later on Tuesday and Bank of China will report on Wednesday.
Mainland media reported that officials would further relax investment restrictions on foreign investment in the Shanghai free trade zone. Continuación...