China shares fall on weak banks, Hong Kong tepid
* HSI -0.1 pct, H-shares +0.3 pct, CSI300 -0.2 pct
* Subscription period for four IPOs begins
* China property sector rebounds despite soft home price data
* Chow Tai Fook at over 2-month high on solid results (Updates to midday)
By Grace Li
HONG KONG, June 18 (Reuters) - China shares finished the morning session lower on Wednesday, as banks continued to pull back after recent strong gains, while Hong Kong stocks were flat in muted volumes.
In the mainland, the first four Chinese companies to push ahead with initial public offerings after a four-month lull have started to take subscriptions and aim to raise a combined 1.7 billion yuan ($273.8 million). Seven IPOs have been approved.
By midday, the Hang Seng Index ticked down 0.1 percent at 23,192.79 points. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.3 percent.
The CSI300 of the leading Shanghai and Shenzhen A-share listings edged down 0.2 percent, while the Shanghai Composite Index dropped 0.5 percent at 2,056.35 points. Continuación...