China shares slip ahead of more July economic data, Hong Kong sags too
* HSI -0.1 pct, H-shares -0.1 pct, CSI300 -0.4 pct
* Tencent, Sinopec up after executives meet
* Gujing Distillery rises after interim results beat peers'
* Yonghui Superstores soars on Dairy Farm unit's share-buying plan (Updates to midday)
By Grace Li
HONG KONG, Aug 12 (Reuters) - China shares weakened on Tuesday after the previous day's strong gains, as cautious investors awaited more July data for fresh clues on how well the world's second largest ecoomy is recovering.
Hong Kong shares also underperformed regional markets with some profit-taking on Chinese financials following Monday's rebound.
At midday, the Hang Seng Index had inched 0.1 percent lower to 24,615.06 points. The China Enterprises Index of the top Chinese listings in Hong Kong also slipped 0.1 percent.
The CSI300 of the leading Shanghai and Shenzhen A-share listings fell 0.4 percent. The Shanghai Composite Index was off 0.2 percent at 2,219.99 points after Monday's highest close in eight months. Continuación...