China stocks calm after 2-day slump; Hong Kong rises
* SSEC +0.2 pct; CSI300 +0.1 pct; HSI +1.0 pct
* CITIC Sec shares fall as more executives probed
* Small caps rebound; banking shares correct
SHANGHAI, Sept 16 (Reuters) - China stocks calmed down on Wednesday morning after falling 6 percent over the past two days, as a rebound in small-caps offset weakness in banking shares.
But trading volumes were tiny, as many investors stayed on the sidelines, wearily watching Beijing's intensified crackdown on market irregularities. On Tuesday, CITIC Securities said police were investigating senior managers.
The CSI300 index rose 0.1 percent, to 3,156.62 points at the end of the morning session, while the Shanghai Composite Index gained 0.2 percent, to 3,009.57 points.
Hong Kong shares also gained slightly in thin trading, as investors anxiously await the U.S. Federal Reserve's decision later in the week on whether to lift rates.
Investors focus was also on CITIC Securities and the investigations that involve general manager Cheng Boming and Wang Jinling, vice manager of the information technology centre.
Both are suspected of insider trading and leaking information, the company said. Continuación...