China shares soft ahead of IPOs, Hong Kong tepid but casinos strong

lunes 21 de julio de 2014 01:02 GYT

* HSI flat, H-shares -0.3 pct, CSI300 +0.1 pct

* China railway sector rises on state support

* China airlines fall after another profit warning

* Yili climbs 4.5 percent to nearly 2-month high (Updates to midday)

By Grace Li

HONG KONG, July 21 (Reuters) - China shares held a soft tone on Monday, with investors preparing a sizable amount of money for upcoming initial public offerings (IPOs), while Hong Kong was flat.

By midday, the Hang Seng Index was barely changed at 23,457.16 points. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.3 percent and appeared on track for a fourth straight daily loss.

The CSI300 of the leading Shanghai and Shenzhen A-share listings inched up 0.1 percent, while the Shanghai Composite Index was off 0.2 percent at 2,055.45 points. Both flitted between negative and positive territory.

Eleven of the 12 IPOs which were approved last week will start taking subscriptions on Wednesday and Thursday, which is expected to lock up hundreds of billions of yuan in funds.   Continuación...