Hong Kong stocks play catch-up with Shanghai

Hong Kong stocks rose, chasing gains in Chinese shares after a two-day holiday, as a report showed profit at mainland industrial companies rose.

Guangzhou R&F Properties, a builder in the southern Chinese city, rose 1.7 per cent. China National Building Material, a cement maker, gained 0.5 per cent amid speculation the government’s urbanization plan will support demand. Shipmaker China Rongsheng Heavy Industries Group Holdings tumbled 6.7 per cent after saying it may report a full-year loss.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1113540/hong-kong-stocks-play-catch-shanghai