CORRECTED-China, HK shares up as property stocks spike on report ownership rules to be eased
(Corrects Hang Seng Index level in fourth paragraph)
* HSI +0.4 pct, H-shares -0.5 pct, CSI300 +0.6 pct
* Property sub-index at highest since December 16
* Hong Kong property shares also lifted
By Natalie Thomas and Chen Yixin
SHANGHAI, April 2 (Reuters) - Mainland and Hong Kong property shares surged on Wednesday pushing local indexes into positive territory, after state media reported that several cities may relax house ownership restrictions.
The CSI300 property sub index <.CSICMREI > was up 4.0 percent in morning trading, its highest level since December 16. The spike was triggered by a Shanghai Securities Journal report that local governments in Hangzhou and Changsha are considering a range of policies to promote the market, citing anonymous sources.
By Midday, the CSI300 index of the largest Shanghai and Shenzhen A-share listings was up 0.6 percent, while the Shanghai Composite Index added 0.4 percent to reach 2055.99 points.
The Hang Seng Index was up 0.4 percent at 20,121.53 points. The China Enterprises Index of the top Chinese listings in Hong Kong dropped 0.5 percent. Continuación...