Chinese shares were flat by midday Thursday as declines in banking issues offset gains in pharmaceutical makers, which were boosted by expectations of strong flu season sales, dealers said.
The Shanghai Composite Index, which covers both A and B shares, was down 0.09 percent, or 2.85 points, at 3,300.38.
"The stock market is digesting its recent gains," Wu Dazhong, an analyst with Shenyin Wanguo Securities told Dow Jones Newswires, noting the benchmark index had jumped 19 percent since the end of September.
The Shanghai A-share index fell 2.9 points, or 0.08 percent, to 3,461.50, while the Shenzhen A-share index gained 4.49 points, or 0.36 percent, to 1,251.61.
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