Chinese stocks down slightly following growth risk warnings



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* Shanghai shares, blue-chips both down 0.3 percent

* China's trade data mixed, GDP down; higher bank loans

* Global CFOs say that it lacks policy tools conducive to growth

* IMF official warns against non-trading risk in US-China talks

HONG KONG, April 15 (Reuters) – Chinese stocks lost value on Monday because of worries about slowing local and global economic growth, cutting back on their gains from stronger bank lending and the lack of credit. Optimism of American-Chinese trade negotiations. ** At closing, the Shanghai Composite Index was down 0.3% at 3,177.79 points. The first-order index CSI300 was also down 0.3%. ** The financial sector sub-index of CSI300 remained unchanged, with the consumer staples sector down 0.5% and real estate stocks down 0.9%. ** The Shenzhen index, smaller, finished down 0.8% and the ChiNext Board composite index, at startup, was lower by 1.7%. ** Imports from China fell for a fourth consecutive month and at a faster pace, according to customs data released Friday. Exports rebounded but the rise is partly due to seasonal factors, badysts said. ** According to a Reuters poll, growth in the Chinese economy in the first quarter has probably slowed to the slowest pace in at least 27 years. ** New Chinese bank loans rebounded in March, increasing much more than badysts had hoped, as policymakers encouraged lenders to support struggling small businesses and revive lazy economic growth. ** While the expansion of loans "may encourage the market in the short term, but these data are retrospective. This is already the case, so there is no sustainable support for the stock price, "said Cao Xuefeng, an badyst at Huaxi Securities in Chengdu. ** "In the end, the stars remain aligned for the CSI 300, the sentiment, earnings review and monetary conditions are reversed," said Jefferies badysts, saying that they were moderately bullish on blue chips, said Monday in a memo. ** Two informed sources of Sino-US trade talks told Reuters that Washington has softened China's demands to cut subsidies to industry as a condition of trade deal after strong resistance from Beijing. ** US Treasury Secretary Steven Mnuchin said Saturday that he hoped Beijing and Washington "would get closer to the final round of final questions" and that the two sides would continue the talks by telephone this week. ** Central banks and tax authorities have few policy options to boost global growth, financial executives of the International Monetary Fund and a meeting of the World Bank said Saturday. ** "The market can react quite negatively" to the lack of agreement between the United States and China, and any such agreement must take into account structural factors such as intellectual property, said Friday Changyong Rhee , director of the Asia and Pacific Department of the IMF. ** So far this year, the Shanghai stock index rose 27.4% and the CSI300 rose 32%. Shanghai shares rose 2.8% this month. ** Approximately 34.88 billion shares were traded on the Shanghai Stock Exchange. The volume of the previous trading session was $ 28.98 billion. ** As of 07:05 GMT, China A shares traded at a 25.14% premium on H shares listed in Hong Kong. ** The Shanghai stock index is above its 50-day moving average and above its 200-day moving average. (Noah Sin Report, edited by Rashmi Aich)

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