SHANGHAI, Aug 18 (Reuters) - China and Hong Kong stocks dropped on Friday as investor sentiment remained subdued amid a lack of concrete stimulus to boost consumption and support a troubled real estate sector.

** China's blue-chip CSI300 Index closed down 1.2%, while the Shanghai Composite Index lost 1%. Hong Kong's benchmark Hang Seng Index was down 2.1%.

** For the week, CSI300 Index was down 1.3%, while the Hang Seng Index lost 5.9%, marking the worst week in five months.

** Data for July and policy announcements this week have disappointed investors, who were expecting stronger policy measures than just a rate cut.

** Foreign capital recorded a net outflow via the northbound trading link for the 10th consecutive session. This week has seen more than 29 billion yuan ($3.98 billion) capital outflow, marking the worst weekly outflow in 10 months.

** Two pain points in China's growth recovery highlighted by the July activity data are the real estate sector and stalled consumption recovery amid rising unemployment, analysts at Barclays said in a note.

** China Evergrande, which is the world's most heavily indebted property developer and became the poster child for China's property crisis, on Thursday filed for protection from creditors in a U.S. bankruptcy court.

** Meanwhile, Country Garden's liquidity crisis has stirred up fears among other developers.

** Shares of Longfor, considered one of the most resilient private developers, have shed 30% from its peak in July.

** Tech stocks listed in Hong Kong extended their downtrend with a 3.6% drop.

** Performances of China's securities stocks were seen as divergent. Industry leaders such as China International Capital Corporation and Huatai Securities rose, while most other firms declined. ($1 = 7.2867 Chinese yuan renminbi) (Reporting by Shanghai Newsroom; Editing by Sherry Jacob-Phillips and Sohini Goswami)