HONG KONG (Reuters) - Shares in China's big four bank rose slightly in Hong Kong on Monday following Beijing's move to scrap the floor on lending rates, an early sign that the move to liberalize the financial sector is not yet a game-changer for banks.
The Hong Kong shares of Bank of China Ltd <3988.HK> and Industrial and Commercial Bank of China Ltd <1398.HK> both climbed 0.6 percent soon after the market opened.
Agricultural Bank of China Ltd <1288.HK> and China Construction Bank Corp <0939.HK> rose 0.3 and 0.2 percent respectively.
While any liberalization is seen as positive for China's financial sector, the milder-than-expected reform meant share price reaction so far has been muted.
Hong Kong's Hang Seng financial index <.HSHFI> rose 0.4 percent.
(Reporting By Lawrence White; Editing by Paul Tait)
(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp