** China's blue-chip CSI300 Index closed up 0.9%, while the Shanghai Composite Index added 0.7%.
** Hong Kong's benchmark Hang Seng Index slipped 0.1%, but the Hang Seng China Enterprises Index finished up 0.3%.
** Other Asian shares slid and the dollar rose as investors hunkered down for U.S. inflation data that could jolt the outlook for interest rates globally.
** New bank loans in China jumped more than expected to a record 4.9 trillion yuan ($720.21 billion) in January, as the central bank looks to kickstart a recovery in the world's second-biggest economy after the lifting of harsh pandemic controls.
** "The strong credit data let the market see the hope that
social finance gradually bottomed out and the economy will
recover," analysts at China Merchants Securities said, expecting
the A-share market will be boosted in the short term.
** Shares in consumer-related companies led the gains, with
tourism firms rising 3.3% and liquor makers jumping 3.9%.
** However, Nomura analysts cautioned that household loans
still remained subdued amid contractions in the sales of new
homes and autos, which could potentially weaken future credit
expansion.
** The Joe Biden administration plans to outright ban
investments in some Chinese technology companies and increase
scrutiny of others, sources told Reuters.
** Meanwhile, an air of geopolitical mystery was added by
news the U.S Air Force had shot down a flying object near the
Canadian border, the fourth object downed this month.
** Officials declined to say whether it resembled the large white Chinese balloon that was shot down earlier this month. (Reporting by Shanghai Newsroom; editing by Uttaresh.V and Rashmi Aich)
