* SSEC +0.1 pct, CSI300 +0.6 pct; HSI +0.3 pct, at 9-month high
* Govt vows to relax residency curbs, spend more on infrastructure
* White House says ‘not satisfied yet’ in China trade talks
HONG KONG, April 9 (Reuters) - Stocks in China climbed on Tuesday after Beijing unleashed fresh measures to boost economic growth, shrugging off lingering uncertainty over Sino-U.S. trade talks. ** At the midday break, the Shanghai Composite index was up 0.1 percent at 3,249.20, while the blue-chip CSI300 index rose 0.6 percent. ** CSI300’s financial sector sub-index was higher by 0.5 percent, the consumer staples sector climbed 0.8 percent, the real estate index gained 3 percent and the healthcare sub-index was up 2 percent. ** The smaller Shenzhen index was higher by 0.6 percent while the start-up board ChiNext Composite index rose 0.7 percent. ** China will relax residency curbs in many of its smaller cities this year and increase infrastructure spending, the state planner said on Monday, in a fresh push to boost the urban population and revive slowing economic growth. ** The state aims to increase China’s urbanisation rate by at least 1 percentage point by the end of this year. In 2018, 59.6 percent of China’s population lived in urban areas. ** U.S. officials are “not satisfied yet” about all the issues standing in the way of a deal to end the U.S.-China trade war but made progress in talks with China last week, a top White House official said on Monday. ** The two sides wrapped up the latest round of talks in Washington late last week and will be resuming discussions this week remotely. ** “The (A-share) market’s foundation for upward moves remains positive,” analysts at Kaiyuan Securities wrote in a note on Tuesday. “China’s monetary policy and fiscal policy both continue to be active, (we) don’t see the need for limiting liquidity in the short term.” ** Chinese equities have made gains so far this year while markets elsewhere faltered on fears of a global growth slowdown, attracting foreign inflows. ** The Shanghai stock index is up 30.3 percent year-to-date, while China’s H-share index is up 16.8 percent in the same period. Shanghai stocks have risen 5.1 percent this month. ** In Hong Kong, the Hang Seng Index rose 0.3 percent to 30,169.32, its highest level since mid-June 2018, when the trade war started. H-shares gained 0.2 percent. ** The local market was aided by U.S. equities, with the S&P 500 scoring its eight straight sessions of gains and the longest winning streak since October 2017. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.3 percent while Japan’s Nikkei index was up 0.1 percent. ** The largest percentage gainers in the main Shanghai Composite index were Nanjing Tanker Corp and Jiangsu Hongdou Industrial Co Ltd, both up 10.1 percent, followed by Hunan Fangsheng Pharmaceutical Co Ltd, up by 10 percent. ** As of midday, China’s A-shares were trading at a premium of 25.01 percent over the Hong Kong-listed H-shares. ** The Shanghai stock index is above its 50-day moving average and above its 200-day moving average.
Reporting by Noah Sin; Editing by Gopakumar Warrier