HONG KONG, March 20 (Xinhua) -- Hong Kong stocks rose 0.97 percent on Wednesday. The benchmark Hang Seng index closed up 214. 58 points to end at 22,256.44 points, after trading between 21,975. 90 and 22,302.50. Turnover totaled 76.23 billion HK dollars (about 9.82 billion U.S. dollars).
The Hang Seng China Enterprises Index rose 238.70 points, or 2. 22 percent, to close at 10,978.75.
Three sub-indices gained ground, with the Commerce and Industry sub-indice rising the most by 1.27 percent, followed by the Finance 1.04 percent and the Properties 0.60 percent. The Utility fell 0.78 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 1.2 percent to 84.05 HK dollars, while its local unit Hang Seng Bank closed 1.0 percent lower at 123.30 HK dollars. Bank of East Asia, another Hong Kong's major bank, closed down 0.7 percent flat at 30.55 HK dollars. Local bourse operator HKEX gained 1.7 percent at 135.00 HK dollars.
Local developers Hang Lung Properties ended up 0.7 percent at 29.00 HK dollars. Henderson Land, another major developer in Hong Kong, increased 0.5 percent to 48.90 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, closed up 0.3 percent to 112.00 HK dollars.
As for mainland-based financial stocks, China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, jumped 2.7 percent at 6. 21 HK dollars. ICBC, the world's largest bank by market value, advanced 2.7 percent at 5.34 HK dollars. Bank of China closed up 2. 3 percent to 3.55 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, went up 3.3 percent to 5. 94 HK dollars.
As for energy stocks, China's top refiner Sinopec added 1.6 percent to 8.82 HK dollars. PetroChina, the country's largest oil and gas producer, ended up 0.7 percent at 10.33 HK dollars. (1 U.S. dollar equals 7.761 HK dollars)