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People's Daily Online>>China Business

Hong Kong shares close 1.43% higher, tracking regional gains (2)


19:30, December 16, 2011

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, went up 1.64 percent to 58.85 HK dollars. HSBC unit and one of Hong Kong's local bank Hang Seng Bank rose 1. 42 percent to 92.9 HK dollars.

Shares of another Hong Kong's major bank, Bank of East Asia, advanced 2.26 percent to 27.1 HK dollars. Local bourse operator Hong Kong Exchanges & Clearing rose 1.88 percent to 124.9 HK dollars.

Mainland's financial heavyweights also ended up lower in the day. Shares of the ICBC, the world's largest bank by market value, gained 1.75 percent to 4.65 HK dollars. China Construction Bank went up 0.93 percent to 5.45 HK dollars.

Bank of China soared 3.62 percent to 2.86 HK dollars. BOC Hong Kong, an unit of Bank of China, gained 3.26 percent to end at 18. 38 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, advanced 5.87 percent to end at 5.41 HK dollars.

Shares of China Mobile, the world's largest mobile operator by subscribers which accounts for the second largest weighting of the Hang Seng Index, edged up 0.34 percent to 73.6 HK dollars.

Hutchison Whampoa, the world's biggest container terminal operator, rose 1.64 percent to close at 65 HK dollars per share. Shares of China's biggest Internet company Tencent Holdings gained 1.66 percent to 152.7 HK dollars.

Two major insurers also gained in the day. Ping An Insurance, China's second largest insurer, gained 2.35 percent to end at 54.5 HK dollars. China Life, one of the world's largest life insurers by market value, added 0.74 percent to 19.18 HK dollars.

On Friday afternoon, Chinese stocks staged a big sudden rally before closing after a week-long slide. The benchmark Shanghai Composite Index increased 2.01 percent, or 43.95 points, to close at 2,224.84. The Shenzhen Component Index gained 2.38 percent, or 210.85 points to finish at 9,081.94. (One U.S. dollar equals 7.78 HK dollars)

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