China shares jump on CSRC comments, Hong Kong gains capped by property

lunes 4 de agosto de 2014 00:55 GYT

* HSI +0.3 pct, H-shares +1.0 pct, CSI300 +1.3 pct

* China Shenhua rises after raising coal prices

* China Everbright jumps as parent group gets approval for reform plan

* HSBC slips ahead of H1 earnings (Updates to midday)

By Grace Li and Lu Jianxin

HONG KONG/SHANGHAI, Aug 4 (Reuters) - China shares regained momentum on Monday on positive market comments from the country's top securities regulator, while gains in Hong Kong were restrained by weak property developers.

A China Securities Regulatory Commission (CSRC) spokesman on Friday described the recent rally in China's stock market as a "rebound" due to improving performance in the economy, more liquidity, and market reforms, including the planned Shanghai-Hong Kong stock market connector pilot programme.

By midday, the Hang Seng Index was up 0.3 percent at 24,615.61 points, while the China Enterprises Index of the top Chinese listings in Hong Kong rose 1.0 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings gained 1.3 percent. The Shanghai Composite Index was up 1.1 percent at 2,210.27 points.   Continuación...