SHANGHAI, Jan 10 (Reuters) - China shares rose on Monday, led by Shanghai"s tech focussed STAR Market amid reform expectations, while Hong Kong shares gained on sustained rebound in technology shares. ** China"s bluechip CSI300 index (.CSI300) rose 0.4% to 4,839.22 at the end of the morning session, while the Shanghai Composite Index (.SSEC) gained 0.3% to 3,588.40. ** In Hong Kong, the Hang Seng index (.HSI) added 0.8%, while the Hong Kong China Enterprises Index (.HSCE) gained 1.2%. ** Shanghai"s STAR (.STAR50) rose 1.3% from near eight-month lows, after China"s securities regulator said it would pilot market-making on the Nasdaq-style market, in a bid to deepen reforms and improve liquidity. read more ** In Hong Kong, the Hang Seng Tech Index (.HSTECH) is set to rise for the third consecutive session, up nearly 2% by the lunch break. ** The index has gained more than 7% from record lows hit last Thursday, as some investors think the sell-off in Chinese tech shares - fuelled by concerns of Beijing"s crackdown - is overdone. ** Shares in China Life Insurance Co (601628.SS) fell nearly 2% in both China and Hong Kong, after Chinese Central Commission for Discipline Inspection (CCDI) said on Saturday that it had placed China Life"s Chairman Wang Bin under investigation. ** Citi analysts said the news could "cast a shadow" over China Life"s share price, as "investors may have concerns over the insurer"s corporate governance as well as potential business disruptions brought by the Chairman change". ** Shares of Chinese property developer Shimao Group Holdings (0813.HK) jumped. ** Shimao Group has put on sale all of its real estate projects, including both residential and commercial properties, as the cash-strapped Chinese property developer accelerates asset disposals, Caixin reported. read more ** Shares of rival Longfor Group Holdings (0960.HK) also rose sharply, after the developer proposed to spin off and separately list its unit Longfor Intelligent Living Ltd.