HK Hot Stocks:Properties, banks fall, Yue Yuen up

HONG KONG, Dec 13 (Reuters) - Here are some stocks on the move in Hong Kong on Thursday.

As of 0234 GMT, the blue-chip Hang Seng Index .HSI was down 0.67 percent as investors tread cautiously amid doubts over plans by the U.S. Federal Reserve and other central banks to ease credit market strains, pressuring properties and financial shares.

The benchmark Hang Seng Index .HSI opened 0.01 percent lower at 28,518.78.

The Hang Seng properties sub-index .HSNP had fallen 0.92 percent as of 0235 GMT, and the Hang Seng financial sub-index .HSNF had lost 0.54 percent.

STOCKS ON THE MOVE:

* Financial stocks were mostly lower amid lingering fears over the impact of the subprime mortgage crisis on the global economy.

China Life (2628.HK: Quote, Profile, Research, Stock Buzz) fell 1.04 percent, China Construction Bank (0939.HK: Quote, Profile, Research, Stock Buzz) dropped 1.7 percent and HSBC (0005.HK: Quote, Profile, Research, Stock Buzz) lost 0.3 percent.

Property issues Cheung Kong (0001.HK: Quote, Profile, Research, Stock Buzz) fell 1.4 percent, Sino Land (0083.HK: Quote, Profile, Research, Stock Buzz) lost 1.1 percent, Sun Hung Kai Properties (0016.HK: Quote, Profile, Research, Stock Buzz) slid 0.5 percent, and China Overseas (0688.HK: Quote, Profile, Research, Stock Buzz) was down 3.3 percent.

* Shares of Yue Yuen Industrial (Holdings) Ltd (0551.HK: Quote, Profile, Research, Stock Buzz) rose 4.2 percent to HK$26.05 after the footwear maker for brands including Nike, Adidas, Reebok and Asics, said it proposed to spin off its retail business, Pou Sheng International (Holdings) Ltd, on the main board in Hong Kong on completion of a restructuring. here