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China stocks close higher as banks, real estate stocks rally

SHANGHAI, Oct 9 (Reuters) - China stocks erased losses to end higher on Wednesday, as banks and real estate firms jumped, while investors were cautious ahead of important trade talks between the U.S. and China.

** The blue-chip CSI300 index rose 0.1% to 3,843.24, while the Shanghai Composite Index closed up 0.4% at 2,924.86.

** The U.S. State Department announced visa restrictions on Chinese officials just a day after the U.S. Commerce Department cited the mistreatment of Uighur Muslims in China in its decision to add 20 Chinese public security bureaus and eight companies to a trade blacklist.

** Washington is also moving ahead with discussions about restrictions on capital flows into China, Bloomberg reported.

** Among sectors, real estate firms led gains, rising due to strong monthly property sales figures and speculation of some localised potential policy easing.

** Meanwhile, the CSI300 banks index rose 1.1%, led by China Everbright Bank climbing 3.4%.

** China's new bank loans likely rose in September but other key gauges of credit growth remained lacklustre, a Reuters poll showed, reinforcing expectations Beijing needs to deliver more support to stabilise the economy as trade pressures build.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.58%, while Japan's Nikkei index closed down 0.61%.

** At 07:15 GMT, the yuan was quoted at 7.1412 per U.S. dollar, 0.07% firmer than the previous close of 7.1465.

** The largest percentage gainers on the main Shanghai Composite index were Sino-Agri Leading Biosciences Co Ltd , up 10.03%, followed by GuangDong GenSho Logistics Co Ltd, gaining 10.02% and Sobute New Materials Co Ltd, up by 10.02%.

** The largest percentage losers on the Shanghai index were Shanghai Smith Adhesive New Material Co Ltd, down 10.01%, followed by Fujian Raynen Technology Co Ltd losing 9.99% and Zhuzhou Times New Material Technology Co Ltd down by 9.94%.

** About 13.04 billion shares were traded on the Shanghai exchange, roughly 69.1% of the market's 30-day moving average of 18.88 billion shares a day. The volume in the previous trading session was 12.55 billion.

** As of 07:16 GMT, China's A-shares were trading at a premium of 30.31% over the Hong Kong-listed H-shares. (Reporting by Shanghai Newsroom; editing by Uttaresh.V)