HK, China shares down as property, banks weighed

* Hong Kong, China markets down for fifth straight session

* Property, banks weigh on Hong Kong, China markets

* HSBC down on renewed concern over Dubai debt exposure
(Updates to midday)

By Donny Kwok and Claire Zhang

HONG KONG/SHANGHAI, Dec 21 (Reuters) - Hong Kong and China
shares fell for a fifth straight session on Monday, with property
and banks falling on concern over further measures by the
mainland to temper its overheating property market.

During morning trading, Hong Kong shares slid to a session
low of 21,022.08, the lowest in more than four weeks. By midday,
the benchmark index .HSI was down 0.64 percent or 135.69 points
at 21,040.19.

Turnover fell to HK$27.13 billion ($3.5 billion), from midday
Friday's HK$38.38 billion.

The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks was down 0.76 percent at 12,241.19.

Banks including HSBC (0005.HK) remaining weak on worries that
they might need to make provisions against their Dubai exposure
as debt-ridden conglomerate Dubai World [DBWLD.UL] was expected
on Monday to ask key creditors for more time to pay off its loans
while leaving unsettled the prospects of being paid back in full.
[ID:nLDE5BJ01R]

"Profit-taking interest dominated trading when most players
took to the sidelines and were not aggressively taking any
position ahead of year-end," said Patrick Yiu, a director at CASH
Asset Management. "Sentiment will be further weakened if (the
index) fails to hold above the 21,000-point mark."

Index heavyweight HSBC fell 1.26 percent to HK$86.35.
Standard Chartered (2888.HK) retreated 1.99 percent to HK$187.40.

Chinese banks and financial stocks remained soft on
persistent worries that Beijing might cool a domestic lending
binge. Bank of China (3988.HK) eased 0.5 percent, China
Construction Bank (0939.HK) fell 0.94 percent, and ICBC (1398.HK)
was down 0.48 percent. China Life (2628.HK) fell 3.17 percent.

Among consumer-related issues, Geely Auto (0175.HK) fell 9.87
percent to a four-week low of HK$3.56.

Wharf Holdings (0004.HK) fell 5.9 percent to HK$41.50 after a
6.65 percent rise last Friday. Sun Hung Kai Properties (0016.HK)
was down 0.79 percent at HK$112.80 and Cheung Kong (0001.HK)
eased 0.36 percent to HK$95.70.

Las Vegas Sands' Macau unit Sands China (1928.HK) fell 5.91
percent to HK$9.23 on concern about competition in Macau's gaming
industry. Las Vegas Sands, the world's No.2 casino operator by
market capitalisation, said it could complete all of its five
planned projects on Macau's Cotai strip within five years.
[ID:nTOE5BK02T]

Renhe Commercial (1387.HK) rose 1.85 percent after it said it
would realise a HK$2.16 billion ($278 million) gain from sales of
a Zhengzhou development project.

SHANGHAI FALLS

China's key stock index lost 0.62 percent on Monday morning,
slipping for a fifth consecutive session to a three-week low,
with the property sector reeling from steps to curb speculation
and banks weighed down by renewed concerns about fundraising
needs.

The Shanghai Composite Index .SSEC ended the morning at
3,094.591 points, extending the previous week's 4.1 percent loss.

Losing Shanghai A shares outnumbered gainers by 459 to 403,
while turnover slipped to 48 billion yuan from Friday morning's
64 billion yuan.

The Shanghai property sub-index .SSEP shed 0.92 percent to
a fresh 2-½ month low after dropping 5.42 percent on Friday,
while industry heavyweight China Vanke (000002.SZ) slipped 1.51
percent to 10.43 yuan.

Beijing has announced a number of measures to cool domestic
real estate speculation, including stiffer rules for purchases of
government land. The official Securities Times reported on Monday
that more such steps may be imminent.

China Merchants Bank (600036.SS) was down 2.79 percent at
16.70 yuan while Bank of Nanjing (601009.SS) dropped 2.85 percent
to 18.41 yuan after saying it planned to raise up to 5 billion
yuan via a rights issue to bolster its capital. [ID:nTOE5BJ015]

A senior banking regulator said over the weekend that Chinese
banks would need to raise 500 billion yuan ($73.25 billion) from
the capital markets next year as capital adequacy ratios have
been stretched by expanded lending. [ID:nTOE5BK009]

The index has been pressured over the past week by concerns
about rising share supplies. The index on Monday sagged below its
120-day moving average, now at 3,100 points, for the first time
in seven weeks.

China CNR Corp (601299.SS), one of the country's two big
train makers, is taking subscriptions on Monday for its Shanghai
IPO, aimed at raising as much as 13.9 billion yuan.

Environment-related shares were mixed, with Chinese wind
power producer Xinjiang Goldwind Science and Technology
002202.SZ gaining 0.88 percent to 27.39 yuan while Shenzhen
Topraysolar 002218.SZ slipped 0.71 percent to 23.93 yuan, after
the climate change summit in Copenhagen ended with only a
bare-minimum agreement. [ID:nLDE5BI00Z]

Chemicals producer Cangzhou Dahua (600230.SS) sank 6.10
percent to 19.10 yuan, one of the five biggest losers among
Shanghai A shares, after it said it was forced to suspend some of
its production because of natural gas supply shortages.
(Editing by Chris Lewis)