HK Hot Stocks: China Mobile down, Chinese oil refiners up

HONG KONG, April 22 (Reuters) - Here are some stocks on the move in Hong Kong on Monday.

As of 0245 GMT, the blue-chip Hang Seng Index .HSI had fallen 0.69 percent to 24,550.06, tracking weak overseas markets.

The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, eased 0.19 percent.

Shanghai stocks .SSEC dropped 1.38 percent as investors were disapointed at weak regulatory steps to curb the sale of listed shares.

STOCKS ON THE MOVE:

* Fubon Bank (0636.HK: Quote, Profile, Research, Stock Buzz) surged 9.11 percent on Tuesday on optimism that the Taiwanese bank will benefit from investing in China. Taiwan's regulator said earlier this month it approved Fubon Financial's 2881.HK plan to buy a stake in Xiamen City Commercial Bank via Fubon Bank (HK) Ltd.

The stock has risen nearly 50 percent since April 14.

* Oil refiners continued to rise after Beijing said on Sunday it would provide a subsidy against losses due to refining imported crude oil.

Shares in top Asian oil refiner Sinopec Corp (0386.HK: Quote, Profile, Research, Stock Buzz) jumped 2.41 percent on Tuesday and PetroChina Co Ltd (0857.HK: Quote, Profile, Research, Stock Buzz)(PTR.N: Quote, Profile, Research, Stock Buzz) (601857.SS: Quote, Profile, Research, Stock Buzz), Asia's largest oil and gas producer, also rose 1.78 percent.