Hong Kong stocks rose 187.09 points, or 0.7 percent, to close on Wednesday at 26,753.79 points. The benchmark Hang Seng Index traded between 26,555.96 and 26, 880.79. Turnover totaled 120.82 billion HK dollars (15.59 billion U.S. dollars).
The Hang Seng China Enterprises Index rose 161.9 points, or 1. 22 percent, to 13,414.83 points. Three of the four sub-indices gained ground. The Finance sub- index rose the most at 0.8 percent, followed by the Properties at 0.73 percent, the Commerce ' Industry at 0.65 percent, while the Utilities dropped by 0.01 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, retreated 0.07 percent to 71.9 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, gained 0.73 percent to close at 34.5 HK dollars. Local bourse operator HKEX edged up 0.85 percent to 285.4 HK dollars. China Mobile, China's dominant mobile carrier, advanced 1.21 percent to 100.4 HK dollars.
China Unicom, another Chinese telecom giant, rose 0.48 percent to 12.58 HK dollars. Local property stocks closed down. Sun Hung Kai, one of Hong Kong's largest property developer by market value, rose 0.72 percent to 126.3 HK dollars.
Henderson Land gained 1.9 percent to 53.75 HK dollars. CKH Holdings rose 0.62 percent to 113.6 HK dollars. Mainland-based financial stocks closed up. Bank of China gained 1.41 percent to close at 32.4 HK dollars.
China Construction Bank rose 0.94 percent to 7.52 HK dollars. Bank of Communication went up 1.67 percent to 7.94 HK dollars. ICBC rose 0.63 percent to 6.43 HK dollars. As for energy stocks, China's top refiner Sinopec rose 2.23 percent to 6.43 HK dollars. PetroChina, the country's largest oil and gas producer, gained 0.23 percent to 8.63 HK dollars. CNOOC moved down 1.07 percent to 11.14 HK dollars.