China, Hong Kong shares rise on upbeat lending data, set to end week higher

viernes 13 de junio de 2014 00:47 GYT

* HSI +0.6 pct, H-shares +0.6 pct, CSI300 +1.3 pct

* H-share index on track for fifth-straight weekly gain

* Bank stocks strong lifted by better-than-expected lending data

* China auto sector rises after Tesla offers to share patents (Updates to midday)

By Grace Li

HONG KONG, June 13 (Reuters) - Shares in China and Hong Kong rose on Friday, led by strong gains in the banking sector after data showed China's new bank lending and money supply rose faster than expected in May, adding to hopes that the economy was stabilising.

By midday, the Hang Seng Index rose 0.6 percent to 23,316.31 points, while the China Enterprises Index of the top Chinese listings in Hong Kong was up a similar amount.

The CSI300 of the leading Shanghai and Shenzhen A-share listings gained 1.3 percent, while the Shanghai Composite Index was up 0.9 percent at 2,070.27 points.

On the week, the Hang Seng benchmark was up around 1.6 percent. The H-share index rose 1.5 percent and is headed for its fifth-straight weekly gain.   Continuación...