* SSEC -0.1 pct, CSI300 -0.3 pct, HSI -0.1 pct
* China stock market will be suspended Oct 1-9
* China property stocks give back much of Thursday's gains
SHANGHAI, Sept 23 (Reuters) - China stocks stepped back on
Friday, failing to build on robust gains the previous day as
many investors sat on their hands ahead of the long National Day
holiday that begins Oct 1.
Hong Kong stocks were little changed, as the upbeat mood
stirred by Federal Reserve's inaction on rates began to fade.
China's blue-chip CSI300 index fell 0.3 percent,
to 3,282.84 points by lunch break, while the Shanghai Composite
Index lost 0.1 percent, to 3,039.62 points.
"Many investors are not in a mood to trade ahead such a long
holiday," said Wang Yu, analyst at Pacific Securities.
China's stock market will be suspended on Oct 1 and resume
trading on Oct 10 for the National holidays, according to an
"On the economic front, there's not much encouraging data
that entices investors into the market," Wang said.
Market sentiment was checked by a sharp pull-back in
property shares following the previous session's
surge, as investors took profit on doubts the upward trend will
Sector bellwether Vanke slumped 4.5 percent,
giving back much of Thursday's gains.
But infrastructure stocks were firm amid signs
that Beijing is stepping up approval of infrastructure projects
to aid a struggling economy.
China's Ministry of Finance is expected to give green light
to a third batch of public-private partnership (PPP) projects
worth about 2.2 trillion yuan ($329.84 billion) in total
investment, official Shanghai Securities News reported.
In Hong Kong, the Hang Seng index dropped 0.1
percent, to 23,747.37 points, while the Hong Kong China
Enterprises Index lost 0.4 percent, to 9,855.50.
Most sectors fell, with industrial and consumer
stocks leading the decline.
(Samuel Shen and John Ruwitch; Editing by Shri Navaratnam)