HONG KONG (NewsRise) -- Hong Kong stocks climbed to their highest level since August 2015 Thursday on advances by reinvigorated Chinese banks and upbeat cues from the U.S.
The Hang Seng Index rose 0.5% to 24,107.70. The Hang Seng China Enterprises Index, also known as the H-share index, edged up 0.2%. China Construction Bank (CCB) jumped 2.9% as the mainland's largest banks outperformed the broader market for a second straight day, with strong January credit data bolstering confidence that the policy environment for lenders might not be as restrictive as some investors had feared. Tencent Holdings jumped the most since November following reports it is likely to introduce paid content on a popular Chinese social-media platform.
