SHANGHAI, Nov 23 (Reuters) – China stocks rose on Tuesday after state media quoted the country’s premier as saying Beijing should step up efforts to stabilise key economic areas, while real estate shares rebounded after some banks were told to issue more loans for property projects.
The CSI300 index (.CSI300) rose 0.2% to 4,922.02 by the end of the morning session, while the Shanghai Composite Index (.SSEC) gained 0.4% to 3,597.53.
The Hang Seng index (.HSI) dropped 1.0% to 24,698.49. The Hong Kong China Enterprises Index (.HSCE) lost 0.9% to 8,848.98.
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** China’s economy faces new downward pressures but authorities should avoid rolling out economic measures in a “campaign-like and aggressive” way, state media on Monday quoted Premier Li Keqiang as saying.
** Li said China should step up efforts to stabilise six key areas and the government is studying policies on tax and fee…
