China shares on a roll, Hong Kong stocks slip on data

At midday, the CSI300 of leading Shanghai and Shenzhen A-share listings was up 0.7%, and the Shanghai Composite Index gained 0.3% at 2,067.55 points. If the gains hold, the CSI will be up for a seventh straight day.

The Hang Seng Index slipped 0.3% to 21,861.3 points, while the China Enterprises Index of the top Chinese listings in Hong Kong fell 0.4%.

China trade data on Thursday may provide clues on the health of the world's second-largest economy. On Friday, China will release consumer and producer price data.

The Chinese property sector extended recent gains after official media said on Wednesday the government may gradually restart the refinancing application for developers after three years of suspension to cool home prices.

The Chinese property sector extended recent gains after official media said on Wednesday the government may gradually lift restrictions on property developers raising capital in the market. The restrictions were set three years ago to cool home prices.

But the official China Securities Journal said Beijing may put certain thresholds on applications for financing.

Shares in Poly Property rose 2.4% while China Overseas Land gained 1.5% after surging nearly 19% since June 24.

Bigger rival China Vanke Co Ltd rose 2.2% after it posted a 22% year-on-year rise in first-half net profit late on Tuesday.

Shares in Chinese infant milk producer Biostime International Holdings Ltd jumped 5.3% as trading resumed on Wednesday after a price-fixing probe ended and the company was fined 162.9 mln yuan ($26.61 mln) by China's top economic planning agency.