HONG KONG, March 6 (Reuters) - Hong Kong shares gained for a
second day, lifted by strength in the Chinese financial and
telecom sectors as investors cheered comments from policymakers
at the country's annual parliamentary meetings.
The Hang Seng Index closed up 1 percent at 22,777.8
on Wednesday. The China Enterprises Index of the top
Chinese listings in Hong Kong gained 1.7 percent.
The CSI300 index of the leading Shanghai and
Shenzhen A-share listings closed up 1 percent, while the
Shanghai Composite Index rose 0.9 percent.
* The Chinese banking sector was lifted by comments from
Shang Fulin, the China Banking Regulatory Commission chairman,
that his agency is researching the possibility of raising or
replacing the loan-to-deposit ratio capped on the country's
lenders, now at 75 percent.
* ZTE surged 8.9 percent on news reports that the
world's fourth-biggest handset maker had entered a strategic
collaboration with Intel focused on a new platform that could
enhance the performance of ZTE's next generation of smartphones.
* China Unicom and China Telecom rose on
a report in the official China Securities Journal that cited
Miao Wei, minister of industry and information technology, as
saying Beijing could issue 4G network licences this year.