<div id="readability-page-1"><div> China and Hong Kong stocks slipped on Monday as a slew of lacklustre economic data and mounting default risks by property developer Vanke weighed on market sentiment.** China's blue-chip CSI300 Index was down 0.2% by the lunch break, while the Shanghai Composite Index lost 0.1%. Hong Kong's Hang Seng dropped nearly 1%.** Property shares sank after bondholders rejected China Vanke's initial plan to push back payment by a year, raising the risk of default for the state-backed developer and renewing concerns about China's crisis-hit property sector. ** Risk appetite was further curbed by data that signalled China's economy had stalled in November. ** New home prices extended declines last month, China's factory output and retail sales grew at their weakest pace in over a year, and new bank loans rose less than expected. ** Investors were also left disappointed by measures announced over the weekend to stimulate consumption, which lacked substance. ** &#34;We think the time is coming for ending deflation, truly cleaning up the property mess, and boosting consumption demand via reforming the social welfare system,&#34; said Lu Ting, chief China economist at Nomura.** Shares of Vanke slumped 4% in Hong Kong and 2% in Shenzhen.** China's CSI 300 Real Estate Index fell 1.2%, flirting with record-low levels. In Hong Kong, the Hang Seng Mainland Property Index softened 0.5%.** China's SSE STAR Chip Index (.STARCHIP) fell more than 2% after reports that AI giant Nvidia is considering expanding production of its H200 chips following strong Chinese orders.</div></div>

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China and Hong Kong stocks fell due to weak economic data and Vanke's default risks. CSI300 Index dropped 0.2%, Shanghai Composite lost 0.1%, and Hang Seng fell nearly 1%. Property shares declined as Vanke's bondholders rejected payment delay plans, raising default concerns. Economic data showed stalled growth, declining home prices, weak factory output, and retail sales. Vanke shares fell 4% in Hong Kong and 2% in Shenzhen. SSE STAR Chip Index fell over 2% amid Nvidia's production expansion plans.

China, Hong Kong stocks fall on gloomy economic data, Vanke default risks