China shares rise as new energy, liquor sectors gain

China shares extended their rebound on Tuesday, led by energy and liquor sectors, while Hong Kong stocks also rose as investors snapped up tech and healthcare shares battered by a sell-off last week.

** The CSI300 index rose 1.1% to 4,887.44 points at the end of the morning session, while the Shanghai Composite Index gained 1.0% to 3,511.97 points.

** The Hang Seng index added 1.6% to reach 25,501.75 points. The Hong Kong China Enterprises Index gained 2.0% to 8,992.15.

Shanghai shares rise as China reports no local COVID-19 cases

** The new energy sub-index, the new energy vehicle sub-index and the liquor sub-index led the gains, going up 3.2%, 3% and 3.1%, respectively.

** China's central bank chief Yi Gang said on Monday policy should increase credit support to the real economy, especially small and medium enterprises, and enhance the stability of total credit growth.

** A sub-index tracking defence shares dropped 2.9%, after a military file called on to reduce costs in raw material procurement.

** In Hong Kong, the tech sub-index resumed gains from last session and went up 4.5%.

** Food-delivery giant Meituan surged 9.4%, the biggest daily gainer in the Hang Seng Index, moving the benchmark up 134 points.

** Social-media giant Tencent Holdings and e-commerce giant Alibaba Group gained 4.6% and 5%, respectively.

** Tencent bought back shares for HK$100.9 million on Aug 23, the third buyback in three straight trading days.

** The Hang Seng Healthcare sub-index went higher by 4.3%. Healthcare companies Wuxi Biologics and Alibaba Health Information Technology surged 7.6% and 5.9%, respectively.

** Wuxi Biologics reported on Monday net profit jumped 163% to 1.77 billion yuan ($273.1 million) with revenue surging 126.7% to 4.41 billion yuan.