Hong Kong, China shares set for best week in months as blue chips jump
* HSI -0.1 pct, H-shares -0.2 pct, CSI300 +0.5 pct
* New China Life Insurance drops after report says Temasek sold shares
* AIA intraday level hits record high on strong H1 new business growth
* Five IPOs draw 415.5 billion yuan in high demand (Updates to midday)
By Grace Li
HONG KONG, July 25 (Reuters) - China shares are headed for their best weekly gain in 3-1/2 months on Friday, powered by continued strength in blue chips including bank stocks that is helping mainland markets outperform Hong Kong.
Hong Kong's benchmark index hovered around its highest in more than three years, while the H-share index slipped slightly on profit-taking. Both are set for their best week since May and March.
By midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings and the Shanghai Composite Index each added 0.5 percent to their highest since mid-April. The SSEC stood at 2,115.53 points.
They are now up 3.9 and 2.7 percent this week, respectively. Continuación...