SHANGHAI, Feb 23 (Reuters) - China and Hong Kong stocks were subdued on Thursday as investors awaited earnings and economic data, while geopolitical tensions dented sentiment.

** China's blue-chip CSI300 Index and the Shanghai Composite Index ended down 0.1%.

** Meanwhile, Hong Kong's Hang Seng benchmark slipped 0.4%, Hang Seng China Enterprises Index gained 0.4%, and the Hang Seng Tech Index jumped 1.2%.

** Geopolitical concerns have heightened amid China and Russia vowing to deepen ties and U.S. President Joe Biden pledging to "defend literally every inch of NATO".

** Hong Kong's Financial Secretary Paul Chan on Wednesday unveiled policies aimed at reviving the COVID-hit economy.

** "I believe that Hong Kong's economy will visibly recover this year, and I remain positive," Chan said.

** Meanwhile, China's Premier Li Keqiang said “China’s economy is stabilizing and steadily improving, but still facing challenges. China will implement measures to boost market expectations and reinforce growth momentum.”

** China's markets have been subdued as investors are awaiting the economic data releases for first two months as well as the fresh policy guidance at the National People Congress (NPC) in March, analysts said.

** Citi analysts expect reopening to drive further upside in China and Hong Kong stock markets, with positive catalysts coming from the upcoming National People Congress, consensus earnings raise and bullish long-term investors.

** China's CSI Coal Index gained 0.7% as a large-scale coal mine collapsed in the country's inner Mongolia region, fanning fears of supply tightness.

** For China market, CSI New Energy climbed 1.4% and CSI Machinery sub-industry index gained 1.1%, while CSI Computer lost 1.9%.

** For Hong Kong market, Hang Seng Consumer Staples added 0.6%, and Healthcare rose 0.7%, while Finance dropped 0.9% and Properties lost 0.7%.

** Techtronic tumbled 19% before trading was halted after a short-seller report questioned the power tool manufacturer's accounting methods, becoming the biggest drag on the Hang Seng.

** HSBC Holdings declined 2.1%, Alibaba Group Holding added 2.4% (Reporting by Shanghai Newsroom Editing by Vinay Dwivedi)