Hong Kong stocks rose on Chinese financial players; Li Ning jumps

Hong Kong stocks rose to their highest since April 3, breaching psychological resistance at 21,000 for only the second time in more than six months, as investors flocked to China-related shares on optimism about the mainland economy.

“We are quite bullish on Hong Kong stocks this quarter -- mainly due to China-related shares, which account for more than half of the overall weighting of the benchmark index,” said Francis Cheung, managing director of China-Hong Kong Strategy at CLSA.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1059599/hong-kong-stocks-rose-chinese-financial-players-li-ning