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H-Shares Up 1.8%, Oil and Banks Benefit
The Hang Seng Index grew 1.76% to close at 21,614.77 on November 4, in main board trading volume of HK$60.06 billion.
Shares of Construction Bank of China (0939.HK) grew 2.42%, Industrial and Commercial Bank of China (1398.HK) increased 2.59% and Bank of China (3988.HK) grew 2.73%. China's new October loans are expected to ring up around RMB 300 billion to RMB 400 billion, compared to RMB 181.9 billion in the year-ago period, reported hexun.com quoting predictions by China International Capital Corp.
PetroChina (0857.HK) shares were up 3.55% on Wednesday; Sinopec (0386.HK) gained 1.06% after its announcement that it has set up a joint venture to operate a petrochemical project in Tianjin. CNOOC (0883.HK) grew by 2.95%.
Shares of real estate companies Hang Lung Properties (0101.HK) and China Overseas Land & Investment (0688.HK) grew 2.04% and 2.19%, respectively, on Wednesday.
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