HONG KONG, Aug 7 (Reuters) - Hong Kong shares took a cue from the sharp slide on the Shanghai market to fall 2.7 percent on Friday afternoon as worries built-up that Chinese banks will cut back on lending, choking the liquidity that has fuelled the stellar rally on the mainland bourses.
But index heavyweight China Mobile limited losses on the main index, rising 2.2 percent as speculation mounted over a Shanghai-listing for the company.
By 0737 GM,T the benchmark Hang Seng Index was 2.6 percent lower at 20,364.34.
The China Enterprises Index, which represents top locally listed mainland Chinese stocks, was 4 percent lower at 11,580.91. (Reporting by Parvathy Ullatil; Editing by Chris Lewis)