Hong Kong stocks moved up 511.43 points, or 2.38 percent, on Wednesday at 21,966.66 points.
The benchmark Hang Seng Index traded between 21,608.50 and 22, 103.06. Turnover totaled 83.28 billion HK dollars (about 10.75 billion U.S. dollars). The Hang Seng China Enterprises Index moved up 200.44 points, or 2.07 percent, to close at 9,904.71 points. All of the four sub-indices gained ground.
The Commerce & Industry sub-index rose the most at 2.62 percent, both the Finance and the Properties grew more than 2.2 percent and the Utilities advanced 1.88 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 1.99 percent to 61.3 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, surged 3.25 percent to close at 26.95 HK dollars. Local bourse operator HKEX grew 2.69 percent to 186.8 HK dollars. China Mobile, China's dominant mobile carrier, surged 3.71 percent to 93.5 HK dollars. China Unicom, another Chinese telecom giant, gained 1.96 percent to 10.38 HK dollars.
Local property stocks went up. Sun Hung Kai, one of Hong Kong's largest property developer by market value, gained 2.49 percent to 102.9 HK dollars. Henderson Land added 1.66 percent to 48.95 HK dollars.
CKH Holdings rose 1.72 percent to 106 HK dollars. Mainland-based financial stocks moved up. Bank of China closed 1.68 percent higher at 3.63 HK dollars. China Construction Bank climbed 2.39 percent to 5.56 HK dollars.
Bank of Communication went up 1.79 percent at 5.66 HK dollars. ICBC grew 2.32 percent to 4.84 HK dollars. As for energy stocks, China's top refiner Sinopec rose 2.33 percent to 5.25 HK dollars. PetroChina, the country's largest oil and gas producer, grew 2.64 percent to 5.83 HK dollars. CNOOC increased 1.99 percent to 8.68 HK dollars. (1 U.S. dollar = 7.75 HK dollars)
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