SHANGHAI/HONG KONG Sept 11 (Reuters) - China stocks rose on Monday, buoyed by fresh government stimulus and improving credit data, but technology and property sector shares dragged the Hong Kong market lower.
** China's bluechip CSI300 Index rose 0.74% by the lunch break, while the Shanghai Composite Index climbed 0.84%. In Hong Kong, the benchmark Hang Seng Index dropped 0.58%, its fourth straight session of declines.
** New bank lending in China beat expectations by nearly quadrupling in August from July's level. Earlier on Saturday, government data shows consumer prices returned to positive territory in August.
** China's financial regulator on Sunday reduced the risk weighting it attaches to insurance companies' holdings of blue-chip shares and tech stocks.
** "This strategic modulation in risk factors signifies an expanded gateway for insurance companies to channel more resources into the capital market," OCBC Bank analyst Tommy Xie wrote.
** From Monday, investors are allowed to borrow more money from brokerages to buy stocks using the same amount of collateral, with the move expected to inject roughly 400 billion yuan ($54.70 billion) of fresh capital into the market.
** China's securities regulator said it recently held a meeting with domestic and overseas investors including Temasek, Bridgewater and BlackRock to discuss ways to boost investor confidence.
** There are signs that "some long-term investors added positions on dips via ETF amid weak stock market sentiment", UBS China equity strategist Lei Meng wrote in a note.
** Hong Kong-listed mainland developers declined 1.8% on signs that property sales in China remain sluggish despite a flurry of supportive measures.
** Sun Hung Kai Properties slumped 9.5% after the Hong Kong property giant reported a 17% decline in underlying profit for the year ended June.
** The Hang Seng Tech index narrowed early losses and closed down 0.2%. Hang Seng Index heavyweight Alibaba Group fell sharply after the surprise departure of outgoing CEO Daniel Zhang from the cloud business.
($1 = 7.3125 Chinese yuan renminbi) (Reporting by Samuel Shen and Summer Zhen; Editing by Rashmi Aich and Pooja Desai)