Hong Kong stocks rose 536.75 points, or 2.4 percent, to close on Thursday at 22,888.92 points. The benchmark Hang Seng Index traded between 22,454.96 and 22,980.97. Turnover totaled 79.29 billion HK dollars (10.23 billion U.S. dollars).
The Hang Seng China Enterprises Index rose 163.4 points, or 1.59 percent, to 10,408.93 points. All of the four sub-indices gained ground. The Properties sub-index rose the most at 3.42 percent, followed by the Commerce & Industry at 2.68 percent, the Finance at 2.11 percent and the Utilities at 0.69 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 1.29 percent to 62.6 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, gained 2.12 percent to close at 28.85 HK dollars. Local bourse operator HKEX edged up 1.91 percent to 213.8 HK dollars. China Mobile, China's dominant mobile carrier, gained 3.21 percent to 93.15 HK dollars. China Unicom, another Chinese telecom giant, rose 4.52 percent to 10.18 HK dollars.
Local property stocks were generally up. Sun Hung Kai, one of Hong Kong's largest property developer by market value, rose 3.27 percent to 101.2 HK dollars. Henderson Land gained 2.74 percent to 48.8 HK dollars. CKH Holdings advanced 1.76 percent to 103.9 HK dollars.
Mainland-based financial stocks closed up. Bank of China rose 1.15 percent to close at 3.53 HK dollars. China Construction Bank gained 2.38 percent to 5.6 HK dollars. Bank of Communication went up 1.25 percent to 5.68 HK dollars. ICBC rose 1.88 percent to 4.87 HK dollars.
As for energy stocks, China's top refiner Sinopec rose 2.68 percent to 5.37 HK dollars. PetroChina, the country's largest oil and gas producer, climbed 3.13 percent to 5.93 HK dollars. CNOOC moved up 2.97 percent to 8.68 HK dollars.
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