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Hong Kong shares gain on China strength, property weak

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HONG KONG, Oct 11 (Reuters) - Hong Kong shares ended higheron Thursday on the back of strength in Chinese banks andinfrastructure stocks on hopes of stimulus measures, while localproperty developers were hit by profit-taking following theirrecent outperformance.

The Hang Seng index closed up 0.4 percent at20,999.05 points, while the China Enterprises index rose1.9 percent.

On the mainland, the CSI300 index of top Shanghaiand Shenzhen listed companies fell 0.9 percent while theShanghai Composite closed 0.8 percent lower.

HIGHLIGHTS:

* ICBC jumped 4.3 percent while Bank ofCommunications rose 3.5 percent after Central Huijin,a unit of China's sovereign wealth fund, said late on Wednesdaythat it had bought Shanghai-listed shares of the "Big 4" banksand would continue to increase its stakes.

* Profit-taking hit shares of Hong Kong developers, withbellwether Sun Hung Kai Properties down 2.2 percent,making it the top drag on the Hang Seng.

(Reporting by Vikram Subhedar; Editing by Anne MarieRroantree)

((vikram.subhedar@thomsonreuters.com)(+852 28436975))

Keywords: MARKETS HONGKONG CHINA STOCKS/ CLOSE

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