Hong Kong stocks close up 1.47%

Hong Kong stocks closed up 1.47 percent on Monday. The benchmark Hang Seng Index moved up 337.13 points to close at 23,252.41 points, after trading between a day high of 23,268.15 points and a day low of 23,173.84 points. Turnover shrank to 54.64 billion HK dollars (7.05 billion U.S. dollars) from last Friday's 57.4 billion HK dollars. The H-Share Index moved up 167.69 points, or 1.59 percent, to end at 10,706.63 points. Banking giant HSBC ended up 1.34 percent at 87.1 HK dollars. China Mobile, China's dominant mobile carrier, ended up 0.8 percent at 88.3 HK dollars. For Mainland lenders listed in Hong Kong, ICBC, China's largest bank by market value, edged up 1.47 percent to close at 5.54 HK dollars; CCB, the country's second largest lender by market capitalization, ended up 1.67 percent at 6.14 HK dollars; BOC, one of the "big four," increased 1.98 percent to close at 3.6 HK dollars. For local property developers, Sun Hung Kai, HK's largest property developer by market value, ended up 0.89 percent to close at 102.6 HK dollars; Cheung Kong properties, owned by billionaire Li Ka-shing, edged up 1.86 percent to 115.3 HK dollars. PetroChina, the country's largest oil and gas producer, ended up 1.73 percent at 8.82 HK dollars. Sinopec, China's top refiner, ended up 2.15 percent to 6.19 HK dollars. China Life, one of the world's largest life insurers by market value, ended up 1.18 percent at 21.45 HK dollars (1 U.S. dollar equals to 7.76 HK dollar).