Chinese stocks rebound on optimistic industrial data; Hong Kong wins

* SSEC -0.1 pct, CSI300 0.8 pct, HSI 0.7 pct

* China's industrial profit resumed in March, up 13.9%

* Strong growth gives US leverage in trade talks with China – White House advisor

SHANGHAI, April 29 (Reuters) – High-priced Chinese stocks rebounded on Monday after last week's sharp losses, as optimistic earnings data reflected signs of recovery in the world's second-largest economy.

** The CSI300 index rose 0.8% to 3,919.52 points at the end of the morning session, while the Shanghai Composite Index plunged 0.1% to 3,083 , 08 points.

** Both indexes on Friday recorded their worst weekly drop with 28 on policy support concerns.

Chinese industrial profits rose in March, rebounding after four months of contraction, adding to the optimism that the world's second-largest economy is beginning to stabilize.

** The PBOC could ease the pace of its policy easing against the accommodative positions of other global central banks, which means it will not resort to flood-like stimulation and China's economic performance is relatively better said Haitong Securities in a report.

** In view of the medium and long-term outlook, there is no sign of a bubble in the global A-share valuations, and a large medium- and long-term currency will continue to pour into the market. stock market A Wanlian Securities writes in a note: the Chinese economy will gradually collapse.

** It is difficult for China's monetary policy to take a sharp turn, as the downward pressure on the country's economic growth remains, the broker added.

** All eyes were on the development of Sino-US trade negotiations.

** Strong US economic growth and moderate inflation give Washington weight on Beijing trade talks, senior White House economic adviser said Friday as US and Chinese negotiators prepare for new round of meetings next week.

** US President Donald Trump repeated Friday that trade talks with China "were going very well."

** In Hong Kong, the Hang Seng index rose 0.7% to 29,819.83 points, while the Hong Kong China Enterprises index rose 0.8% to 11,601.10 points.

** Across the region, the MSCI Asia (ex-Japan) stock index strengthened 0.37%.

** The yuan was quoted at 6.7299 per US dollar, higher than the previous close of 6.73.

** The main winners of Shanghai's main composite index were Guangxi Wuzhou Communications Co Ltd (10.1%), followed by Jiangsu Sainty Corp Ltd. (10.06%) and Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd. (10%). %).

** The largest percentage losses of the Shanghai index were recorded by Star Lake Bioscience Co., Zhaoqing Guangdong (10.07%), followed by Zhangjiagang Freetrade Science & Technology Group Co Ltd. (10.06 %) and Greattown Holdings Ltd (10.03%).

** So far this year, the Shanghai stock index rose 23.76%, while the Chinese H stock index jumped 13.7%. Shanghai shares fell by 0.14% so far this month.

** At 4:16 GMT, China A shares traded at a premium of 25.09% compared to H shares listed in Hong Kong.