SHANGHAI, Nov 22 (Reuters) - China stocks rose on Monday as
analysts flagged chances of policy easing from the central
bank's monetary policy report, while Hong Kong shares were
weighed down by Meituan ahead of its earnings results.
The CSI300 index rose 0.5% to 4,915.79 by the end
of the morning session, while the Shanghai Composite Index
gained 0.7% to 3,583.37.
The Hang Seng index dropped 0.4% to 24,962.11. The
Hong Kong China Enterprises Index lost 0.4% to 8,937.91.
** China's central bank on Friday said it would keep its
prudent monetary policy "flexible and targeted" and strike a
balance between economic growth and risk controls.
** Noumra said some changes in the wording of the People's
Bank of China's (PBOC) third-quarter monetary policy
implementation report represented an official change to the
PBOC's policy stance and set the stage for more decisive
monetary and credit easing.
** "We expect the chance for an RRR cut to rapidly rise in
the next couple of months, but we still view the likelihood of a
policy rate cut as quite small," Nomura said in a note.
** The PBOC said it saw risks in the property market
generally under control.
** Real estate developers dropped 3.3%,
retreating from the previous session's jump fuelled by policy
** "We do not yet see a sharp shift in the ongoing property
curbs," Nomura said.
** Semiconductors and new energy stocks
surged 4.3% and 3.2%, respectively.
** In Hong Kong, food delivery giant Meituan
slumped 3.4%, weighing on the Hang Seng Index. Meituan is
expected to report its third-quarter earnings results this
** The Hang Seng Tech Index dropped 0.8%, while
consumer staples and healthcare firms lost
more than 1.8% each.
** China Resources Beer, ENN Energy,
JD.COM and Netease rose on news that they
would be added to the Hang Seng Index.
(Reporting by Shanghai Newsroom)