SHANGHAI, June 22 (Reuters) - China stocks ended higher on
Tuesday, as banking stocks gained after Beijing's reform
measures and energy stocks were lifted by higher oil prices.
** However, weakness in digital currency-related firms due
to regulatory curbs capped gains in the region.
** The blue-chip CSI300 index rose 0.6% to
5,122.16, while the Shanghai Composite Index closed up
0.8% at 3,557.41.
** Leading gains, the CSI300 banks index rose
1.6% as investors cheered the government's latest reform
measures for the sector, while the CSI300 energy index
climbed 2.3% on oil strength.
** China's reforms to the way banks calculate deposit rates
will help ease pressure on banks' funding costs, although the
impact on lenders and depositors will be limited, an industry
body overseeing rates said on Monday.
** From Monday, China allowed banks to set ceilings on
deposit rates by adding basis points to the benchmark rate, a
shift from the previous practice of multiplying the benchmark
rate, the Self-Disciplinary Mechanism for the Pricing of
Market-Oriented Interest Rates said.
** Dual-listed energy giant Petrochina Co Ltd
rose 5.3% and 5.9% in Shanghai and Hong Kong,
** China's central bank said on Monday it had recently
summoned some banks and payment firms, including China
Construction Bank and Alipay, urging them to crack
down harder on cryptocurrency trading.
** That weighed on blockchain-related firms Client Service
International Inc, Beijing Philisense Technology Co
Ltd and Verisilicon Microelectronics Shanghai Co Ltd
which fell between 3.8% and 5.9%.
** Around the region, MSCI's Asia ex-Japan stock index
was gained 0.14% and Japan's Nikkei index
closed up 3.12%.
** At 0715 GMT, the yuan was quoted at 6.4717 per
U.S. dollar, 0.1% weaker than the previous close of 6.4653.
(Reporting by Shanghai Newsroom; Editing by Amy Caren Daniel)