* SSEC -0.3%, CSI300 -0.8%, HSI 0.4%
* HK->Shanghai Connect daily quota used -0.8%, Shanghai->HK
quota used 2.8%
* FTSE China A50 -1.0%
SHANGHAI, June 11 (Reuters) - China stocks slipped on
Friday, weighed down by liquor and financial stocks, after data
showed the country's broader credit growth slowed in May.
** The CSI300 index fell 0.8% to 5,230.86 points
at the end of the morning session, while the Shanghai Composite
Index lost 0.3% to 3,601.82 points.
** Falling the most, the CSI300 liquor index
dropped 2.7% on persistent worries over lofty valuations.
** Jiangsu Yanghe Brewery, Beijing Shunxin
Agriculture and Xinghuacun Fen Wine
dropped between 1.7% and 10.0%.
** "China's Jan-May bond issuance fell short of
expectations, indicating acceleration of issuance from June,
which could decrease money flows into the equities market," said
Luo Huibiao, an investment advisor from Guosen Securities.
** Caution also prevailed ahead of a three-day Dragon
Festival holiday, which starts from Saturday.
** China's new bank loans unexpectedly rose in May from the
previous month, but broader credit growth continued to slow as
the central bank seeks to contain rising debt.
** Top Chinese leaders have repeatedly vowed to avoid any
sharp policy turns, keeping borrowing costs low and telling
banks to maintain support for small firms, while being more
watchful about extending credit to hot areas of the economy.
** "The slowdown in credit growth is happening even faster
than we had been anticipating a couple of months ago," Julian
Evans-Pritchard at Capital Economics said in a note.
** Bucking the broad retreat, shares in China's
Zhejiang-based listed firms jumped, as investors cheered
Beijing's latest policy support for the province.
** In Hong Kong, the Hang Seng index added 0.4% to
28,851.00 points, while the Hong Kong China Enterprises Index
gained 0.1% to 10,729.73.
** HK-listed shares of Italian luxury fashion group Prada
SpA hit a near seven-year high after Citi raised the
(Reporting by Luoyan Liu and Andrew Galbraith; Editing by