* SSEC +0.74%, CSI300 +0.2%
* China c.bank injects 50 bn yuan through OMOs
* Foreign buying helps lift A-shares
SHANGHAI, Aug 25 (Reuters) – China shares finished higher on Wednesday after China’s central bank boosted short-term funding to ease worries over tightening liquidity amid a faltering recovery, but losses in financial, tech and real estate sectors capped gins.
** At the close, the Shanghai Composite index was up 0.74% at 3,540.38.
** The blue-chip CSI300 index was up 0.2%, turning around from a small dip at midday. It was led by consumer staples firms, which rose 1.91%.
** China’s central bank offered 50 billion yuan ($7.72 billion) through seven-day reverse repos into the banking system, bigger than daily injections in recent months, in what traders saw as a bid to support liquidity and lift market sentiment.
** Foreign investors helped lift A-shares, with Refinitiv data indicating inflows of more than 7.5 billion yuan ($1.16 billion) on the day through the Northbound leg of the Stock Connect programme.
** But underscoring continued financial risks in the real estate sector that some investors worry could spread, a supplier to debt-laden developer China Evergrande Group said Evergrande had failed to pay some overdue bills.
** The real estate index lost 3.67% and the financial sector sub-index slipped 1.37%. The CSI Info Tech index fell 0.74%.
** The smaller Shenzhen index ended up 0.39% and the start-up board ChiNext Composite index was 0.54% higher.
** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.23%, while Japan’s Nikkei index closed down 0.03%.
** At 0702 GMT, the yuan was quoted at 6.4774 per U.S. dollar, 0.11% weaker than the previous close of 6.4705.
** So far this year, the Shanghai stock index is up 1.9% and the CSI300 has fallen 6%, while China’s H-share index listed in Hong Kong is down 15.8%. Shanghai stocks have risen 4.21% this month.
$1 = 6.4763 Chinese yuan Reporting by Andrew Galbraith; editing by Uttaresh.V