China and Hong Kong: stocks appreciate in the hope of an accommodative stance from the Fed

* SSEC gains 1.3 pct, CSI300 increases by 1.6 pct, HSI 0.7 pct higher

* HK-> daily quota of Shanghai Connect used 1.2%, Shanghai-> daily quota of HK used -0.2%

* FTSE China A50 +1.7 PCT, BNY Mellon ADR China Select Index +1.5 PCT

SHANGHAI, March 18 (Reuters) – Chinese and Hong Kong stocks climbed on Monday, as speculation grew that the US Federal Reserve should adopt a decidedly optimistic tone at its political meeting this week and hopes Beijing will use more money. political instruments to support growth.

** The CSI300 index rose 1.6% to 3,804.50 points late morning, while the Shanghai Composite Index rose 1.3% to 3,059.95 points.

** There is a lot of talk that Fed policymakers are reducing their interest rate forecasts, or "point charts," to show little or no tightening this year.

** The Chinese government has taken additional monetary policy measures to support economic growth this year, and will even cut "its own flesh" to help fund large-scale tax cuts, Premier said Friday. Minister Li Keqiang.

** Li's comments suggest that Beijing is ready to apply more stimulus measures to ensure the economy's growth in the target range of 6.0 to 6.5%.

** "Overall, we are very optimistic about the Chinese stock market and continue to be optimistic after the recent rally," said Laura Wang, Chinese equity strategist at Morgan Stanley, at a news conference. press conference, citing improved corporate performance and Beijing's policies to support growth and progress in Sino-US trade negotiations.

** There is a 10-15% upside potential for the A-share market, she said, advising global investors to further strengthen their exposure to Chinese equities.

** Consumer businesses led the advance on the continent, with the CSI consumer staples index rising 4.7% at dawn, with these companies widely seen as beneficiaries of Beijing's actions to stimulate domestic consumption.

** In Hong Kong, the Hang Seng index rose 0.7% to 29,224.25 points, while the Hong Kong China Enterprises index rose 0.7% to 11,590. , 11 points.

** Across the region, the MSCI Asia ex-Japan equity index gained 0.65%, while Japan's Nikkei rose 0.68%.

** The yuan was quoted at 6.7126 per US dollar, 0.02% higher than the previous closing of 6.714.

** The biggest winners of Shanghai's main composite index were Taiyuan Chemical Industry Co Ltd (10.07%), followed by Hunan Chen Dian International Development Co. Ltd. (10.04%) and Shanghai Phoenix Enterprise Group Co Ltd ( 10.04%).

** The largest loser percentages of the Shanghai index were Zhonglu Co Ltd (9.97%), followed by Shanghai Shibei Hi-Tech Co Ltd (9.95%) and Ningbo Tuopu Group Co Ltd (8.92%).

** As of this year, the Shanghai equity index rose 21.17%, while China's H stock index rose 13.7%. Shanghai shares rose 2.75% this month.

** The most successful resources among the H shares were China Resources Land Ltd (6.57%), followed by China Vanke Co Ltd (4.64%) and Shenzhou International Group Holdings Ltd. (2.29%).

** The three largest declines in percentage of H shares were Anhui Conch Cement Co Ltd., which lost 5.20%, China National Building Material Co Ltd, 4.6% and CNOOC Ltd, down 1 , 5%.

** About 22.26 billion shares have been traded so far on the Shanghai Stock Exchange, or about 66.0% of the 33-day moving average market, or 33.72 billion shares per day. The negotiated volume was 34.12 billion USD on the last full trading day.

** At 04:17 GMT, China A shares traded at a 23.06% premium to H shares listed in Hong Kong.