SHANGHAI, Aug 14 (Reuters) - China and Hong Kong stocks fell on Monday as investor sentiment remained subdued after disappointing credit data added to worries about China's slowing economy, compounded by property shocks.

** China's blue-chip CSI300 Index and the Shanghai Composite Index dropped roughly 1.3% and 1.0%, respectively, in early morning trade. The Hong Kong benchmark Hang Seng Index was down more than 2%.

** China's new bank loans tumbled in July and other key credit gauges also weakened, even after policymakers cut interest rates and promised to roll out more support for the faltering economy.

** Following softer July Purchasing Managers' Index (PMI) data, the deeper contraction in trade data, outright deflation, and slower credit growth reaffirmed weak growth in July, analysts at Barclays said in a note, adding that they expect this week's activity data to also paint a gloomy picture.

** Two Chinese listed companies said over the weekend that they had not received payment on maturing investment products from Zhongrong International Trust Co, adding to stress in a financial market already roiled by a property sector downturn.

** Shares of Nacity Property Service Group and KBC Corp fell as much as about 8% each.

** China's Country Garden, the country's top private property developer, suspended trading of its 11 onshore bonds.

** Shares of the developer hit a record low on Monday.

** Mainland properties traded in Hong Kong were down roughly 4.6% in early morning trade. (Reporting by Shanghai Newsroom; Editing by Sonia Cheema)