NewChinese stocks surge, but Hong Kong shares dip by midsession

China stocks surged on Monday, shrugging off disappointing economic data released over the weekend, as investors paid more attention to more stimulus measures from Beijing, while Hong Kong shares slipped lower as it was dragged lower by banks and insurance blue-chips.

The Shanghai Composite Index went to the break up 3.292 per cent, or 119.89 points, at 3,864.10 point. The CSI 300 of large cap stocks lifted 2.87 per cent, or 111.92 points to 4,018.87 point.

The Shenzhen Composite Index climbed 3.63 per cent, or 93.51 points, to 2,670.50 at the close of morning trade. The ChiNext Index leapt 3.63 per cent or 93.51 points to 2,670.50. 

The Hang Seng Index closed its morning session at 24,477.62 point, down 0.39 per cent or 74.85 points, while the H-share index inched up 0.34 per cent, or 38.34 points, to 11,266.28 point.

Watch: Dismal China data puts the pressure on Beijing