Hong Kong's H-share index nears 2014 high, China stocks firmer

miércoles 23 de julio de 2014 00:56 GYT

* HSI +0.7 pct, H-shares +1.9 pct, CSI300 +0.3 pct

* Securities firms rise on soaring profits in H1

* China Cinda jumps for a second straight day

* Gome at 2-month high after positive profit alert (Updates to midday)

By Grace Li

HONG KONG, July 23 (Reuters) - The index of major Chinese companies listed in Hong Kong surged early Wednesday, getting close to its 2014 peak, as investors particularly targeted financial and energy counters seen as undervalued.

Shares on mainland markets also strengthened following Tuesday's big rise, with insurers and brokerages leading index gains.

At midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings was up 0.3 percent to a 3-month high. The Shanghai Composite Index edged up 0.2 percent at 2,079.29 points.

The China Enterprises Index of the top Chinese listings in Hong Kong climbed 1.9 percent and is now at its highest since Jan. 2.   Continuación...