HONG KONG, July 16 Hong Kong's benchmark index
rose for a third day on Wednesday, while the index of Chinese
companies listed in the city edged down as insurers
The Hang Seng Index closed up 0.3 percent at
23,523.28 points. The China Enterprises Index of the
leading offshore Chinese listings in Hong Kong shed 0.1 percent,
snapping a four-day winning streak.
China Pacific Insurance Group lost 2.8 percent and
China Life Insurance 1.2 percent.
Among the top gainers, China National Building Material
climbed 3.2 percent to its highest in three months,
after its parent company was picked to participate in a reform
process for state-owned firms on Tuesday.
Huaneng Power added 2.9 percent on expectations
about strong performance in the sector during the first half.
China Shenhua Energy led losses on the Hang Seng
for a second day, off 1.9 percent to its lowest since May 28.
The mainland's biggest coal producer cut its steam coal prices
again on Tuesday, according to a Shanghai Securities News
(Reporting by Grace Li; Editing by Jacqueline Wong)