Hong Kong shares closed 0.18 percent higher on Wednesday following gains in Shanghai, as traders remained upbeat after China last week unveiled a blueprint for economic reforms. The benchmark Hang Seng Index rose 43.05 points to 23,700.86 on turnover of HK$70.54 billion ($9.10 billion).
Chinese financial stocks outperformed the broader market for the third-straight session after Beijing rolled out new details on its financial reform plans, including halting regular interventions in the currency market. Chinese insurance company Ping An gained 2.2 percent to HK$71.40 while mainland brokerage Citic Securities rose 1.9 percent to HK$19.24.
Hong Kong-based power tools and vacuum-cleaner maker Techtronic closed at a six-week high of HK$20.20 following a strong profit report from US home improvement retail Home Depot, the company's largest customer. Chinese shares closed up 0.61 percent. The Shanghai Composite Index rose 13.48 points to 2,206.61 on turnover of 104.8 billion yuan ($17.2 billion).
Beijing Aerospace Changfeng soared by its 10 percent daily limit to 16.12 yuan and Jiangxi Hongdu Aviation Industry jumped 9.27 percent to 18.38 yuan. Telecom firms rose on hopes the government will soon grant them the fourth-generation (4G) mobile spectrum licences. Datang Telecom Technology surged 10 percent to 13.81 yuan while Eastern Communications rose 2.59 percent to 5.55 yuan.