SHANGHAI, Jan 7 (Reuters) - Mainland China stocks advanced
further on Thursday, with the blue-chip index hitting a fresh
13-year high, although Hong Kong shares came under pressure as
the New York Stock Exchange said it would delist three Chinese
** At the midday break, the Shanghai Composite index was
up 0.37% at 3,563.85 points, while China's blue-chip CSI300
index was up 1.01% to 5,472.38, the highest level
since January 2008.
** The smaller Shenzhen index was up 0.22%, the start-up
board ChiNext Composite index was higher by 0.78% and
Shanghai's tech-focused STAR50 index was down 1.73%.
** Chinese H-shares listed in Hong Kong fell 1.3% to
10,758.31, while the Hang Seng Index was down 0.43% at
** Hong Kong shares fell after the New York Stock Exchange said
on Wednesday it would delist three Chinese telecom companies,
confirming its latest U-turn on the matter.
** The American bourse's announcement came a day after U.S.
Treasury Secretary Steve Mnuchin told the NYSE chief he
disagreed with an earlier decision to reverse the delistings.
** Hong Kong shares of China Unicom led losses among
the three telecom stocks, falling 8.76% at midday, the biggest
loser on the Hang Seng in the morning session. China Mobile
fell 6.97% and China Telecom Corp dropped
8.48% at noon.
** The Trump administration is considering adding tech giants
Alibaba and Tencent to a blacklist of firms
allegedly owned or controlled by the Chinese military, two
people familiar with the matter said.
** "With the incoming Biden administration, hopes are running
high there will be fewer policy flip-flops in U.S.-China issues.
Even then, the recent fiasco over the NYSE's plans to delist
three Chinese telecom companies suggest that nothing should be
taken for granted," said Selena Ling, head of strategy and
research at OCBC Bank.
(Reporting by Winni Zhou and Andrew Galbraith; Editing by