SHANGHAI, May 17 (Reuters) - Shares of Chinese property

developers opened up on Friday ahead of a press conference later

in the day by China's housing and financial regulators regarding

policies to ensure housing delivery.

Hong Kong's Hang Seng Mainland Properties Index

rose 1.5% at open, while China's CSI 300 Real Estate index

added 1.2%.

(Reporting by Shanghai Newsroom; Editing by Muralikumar

Anantharaman)