* SSEC 0.8%, CSI300 1.3%, HSI 1.1%
* HK->Shanghai Connect daily quota used 8.1%, Shanghai->HK
quota used 4.3%
* FTSE China A50 +1.4%
SHANGHAI, June 25 (Reuters) - China stocks climbed on
Friday, and are on track to snap a three-week losing streak,
underpinned by gains in heavyweight financial firms.
** The CSI300 index rose 1.3% to 5,221.49 points
at the end of the morning session, while the Shanghai Composite
Index gained 0.83% at 594.79 points.
** Financial firms led gains on Friday, with the CSI300
financials index up 1.7%.
** The CSI SWS securities index rose 3.5% by
the midday break, as Guangdong Golden Dragon Development Inc
, BOC International China and East Money
Information Co Ltd advanced between 7.5% and 10%.
** The golden era for Chinese residents to boost equities
assets has arrived, leading to a long-term upbeat cycle for
securities firms, SWS Research said in a report.
** Residents' wealth migration to equities assets are
accelerating as other competitive wealth products' returns
continue to decline, SWS Research added.
** For the week, the CSI300 added 2.3% and the SSEC gained
2%, with both set to snap a three-week losing streak.
** The weekly gains come as Federal Reserve Chair Jerome
Powell reaffirmed that the U.S. central bank would not to raise
interest rates too quickly based only on the fear of coming
** "We see declining impact from currency and commodity
price moves, while near-term liquidity support by PBOC could
mitigate concerns over macro weakness and rising yield
expectation," Morgan Stanley analysts including Laura Wang said
in a report.
** In Hong Kong, the Hang Seng index rose 1.1% to
29,210.31 points, while the Hong Kong China Enterprises Index
gained 1.6% at 10,846.01.
(Reporting by Luoyan Liu and Andrew Galbraith; Editing by Amy