* SSEC +0.9%, CSI300 +1%, HSI +0.4%
* PBOC to cool credit growth in 2021, avoid premature policy
* China state planner to launch inspection on enterprise
repayment risks next year
BEIJING/SHANGHAI, Dec 23 (Reuters) - China shares rose on
Wednesday, led by gains in manufacturers and suppliers of
electric vehicles, as investors were assured that policymakers
would avoid sudden policy tightening in 2021 to support an
economic recovery from the pandemic-induced slump.
** By the midday break, the Shanghai Composite index was
up 0.85% at 3,385.35, while China's blue-chip CSI300 index
was up 0.99%.
** The tech-heavy start-up board ChiNext Composite index
was higher by 1.53% and Shanghai's tech-focused STAR50 index
was up 0.66%.
** Leading the gains, the new energy vehicle sub-index
and the CSI300 industrials index rose
3.17% and 2.13%, respectively.
** Qingdao TGOOD Electric Co Ltd, an EV charging
pole maker, soared 13.8% to touch its highest in nearly five
years, while BAIC Bluepark New Energy Technology Co Ltd
, the EV making unit of state-owned BAIC Automotive
Group, hit the highest level since January 2016.
** Chinese H-shares listed in Hong Kong rose 0.71% to
10,457.99, while the Hang Seng Index was up 0.44% at
26,235.27. The smaller Shenzhen index was up 0.87%.
** China's central bank will scale back support for the economy
in 2021 and cool credit growth, but fears of derailing a
recovery from a pandemic-induced slump and debt defaults are
likely to prevent it from tightening any time soon, policy
** China's state planner said it would launch a nationwide
inspection on the repayment risks for enterprise bonds that
mature in the near term and in 2021.
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 1.05%, while Japan's Nikkei index
was up 0.35%.
** The yuan was quoted at 6.5508 per U.S. dollar,
0.12% weaker than the previous close of 6.5429.
(Reporting by Zhang Yan in Beijing, Luoyan Liu and Andrew
Galbraith in Shanghai; Editing by Subhranshu Sahu)