China shares fall as investors prepare for IPOs, Hong Kong slips too

lunes 25 de agosto de 2014 00:53 GYT

* HSI -0.2 pct, H-shares -0.1 pct, CSI300 -0.9 pct

* Ten coming IPOs expected to lock up 900 billion yuan

* BYD drops up to 8.7 pct after H1 net profit falls sharply

* Sinopec rises as Q2 earnings beat forecast (Updates to midday)

By Grace Li

HONG KONG, Aug 25 (Reuters) - China shares slipped on Monday as investors set aside money for coming initial public offerings (IPOs), while the Hong Kong market also edged lower.

By midday, the Hang Seng Index inched down 0.2 percent to 25,065.73 points. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.1 percent.

The CSI300 of the leading Shanghai and Shenzhen A-share listings fell 0.9 percent, while the Shanghai Composite Index was down 0.5 percent at 2,229.86 points.

"The market is under relatively big pressure to consolidate in the short term, since there have been solid gains recently," said Wang Weijun, an analyst at Zheshang Securities in Shanghai.   Continuación...