* SSEC 0.1 pct, CSI300 0.5 pct, HSI 0.3 pct
* C.bank will keep policy neutral with a tightening bias
* Hong Kong at fresh 22-month high
SHANGHAI, May 23 China's main stock indexes were
mixed on Tuesday morning, with gains in financials only
partially soothing lingering concerns over policy tightening
The CSI300 index rose 0.4 percent, to 3,423.26
points at the end of the morning session, while the Shanghai
Composite Index lost 0.1 percent, to 3,072.67 points.
The tech-heavy start-up board ChiNext was down
0.9 percent, poised for its fourth session of losses as a sharp
correction in newly-listed stocks pressured the valuations of
Over the past two months investors have been grappling with
a regulatory crackdown on risky lending practices and a shift
toward more tighter policy as Beijing stepped up measures to
defuse financial risks.
An advisor with the People's Bank of China (PBOC) said the
central bank will continue to implement reasonable adjustments
to monetary policy.
"If it went tight, it would be loosened a bit. The central
bank will not overdo it, and any adjustment doesn't represent a
shift in policy direction," Sheng Songcheng said.
Bank and consumer stocks led the
gains in the morning, while infrastructure shares
dragged the most.
"Investors are expected to be cautious for now as the
possibly peaking economic growth in the first quarter could
weigh on the profitability of listed companies," said Liu Qihao,
an analyst with Shanghai securities.
The pace of IPOs could also dampen risk appetite for
small-caps on expectations of more equity supply, Liu added.
Hong Kong stocks inched up to a fresh 22-month high.
The Hang Seng index added 0.3 percent, to 25,461.43
The Hong Kong China Enterprises Index gained 0.6
percent, to 10,438.29.
Hong Kong stocks continued to benefit from Chinese money
inflows via two cross-border investment schemes.
Data from brokerage Jefferies Hong Kong Ltd showed Chinese
investors spent net HK$12 billion ($1.54 billion) buying Hong
Kong stocks last week via the Shenzhen-Hong Kong Stock Connect,
marking the biggest inflow so far this year, and the 22nd week
of net buying.
(Reporting by Luoyan Liu and John Ruwitch; Editing by Shri