SHANGHAI, Nov 12 (Reuters) - China stocks fell on Friday, as
shares of real-estate developers retreated from a frenzy fanned
by bets on policy easing in the property sector in the previous
** The CSI300 index was down 0.3% at 4,883.56
points by the end of the morning session, while the Shanghai
Composite Index was flat at 3,532.57 points.
** The Hang Seng index added 0.2% to 25,302.94
points. The Hong Kong China Enterprises Index gained
0.3% to 9,078.21.
** For the week, the Shanghai Composite index added 1.2%,
set for the biggest weekly gain in two months. The Hang Seng
Index climbed 1.7%, gaining the most in three weeks.
** Real-estate firms dropped 2.4%, a day after
experiencing their best session in nearly seven years as
investors snap up battered Chinese property shares amid a slew
of positive signals that fanned hopes for policy easing.
** Bankers and analysts, however, said China will stand firm
on policies to curb excess borrowing by property developers even
as it makes financing tweaks to help home buyers and meet
"reasonable" demand amid an industry liquidity crunch.
** There is little evidence that rules to contain a debt
build-up in the sector will be pared back.
** "We do not expect systemic risk from the property market,
however, it could remain a near-term point of concern ahead of
December/January offshore bond redemption season," Morgan
Stanley said in a note.
** "We advise staying alert to potential spillover to the
** High-end equipment manufacturers and defence
stocks gained 2.4% and 3.4%, respectively.
** Hong Kong's benckmark Hang Seng Index inched up on
tech giants' gains, with the Hang Seng Tech Index
** Shares of JD.Com Inc surged 4.9% after the
e-commerce group posted a record-breaking 'Singles Day' Grand
** China's largest chipmaker Semiconductor Manufacturing
International Corp plunged nearly 5% after its
vice-chairman resigned in a leadership reshuffle.
** Hotpot chain Haidilao International Holding Ltd
slumped 7.4%, the biggest percentage decliner in the Hang Seng
Index, after it planed a $302 million share sale for credit
(Reporting by Shanghai Newsroom; Editing by Sherry