Mainland stocks rose for a fourth day, posting their longest stretch of gains since February, on speculation slowing economic growth will prompt the government to relax property curbs and allow for more bank lending.
China's equities rebound may falter as the government delays easing its tightening measures until the fourth quarter, according to Deutsche Bank AG.
Hong Kong stocks rose 102.47 points, or 0.5 percent, to end at 20,589.70 on Thursday.
China's stock index futures closed higher Thursday with the contract for August, the most actively traded, up 1.47 percent from the previous trading day to end at 2,784.4 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, rose 0.95 percent, or 8.96 points, to close at 950.21 points in Thursday's trading.
Chinese shares rallied for the fourth consecutive day in a week Thursday, with the benchmark indext up 1.07 percent, boosted by gains in property, non-ferrous metals.
China's stocks rose for a third day as the outlook for increased investment in the clean energy industry and higher domestic consumption overshadowed concern the government won't relax its policy tightening measures.
China's stock index futures closed lower Wednesday with the contract for August, the most actively traded, down 0.03 percent or 0.80 points from the previous trading day to end at 2,744.4 points.
Hong Kong stocks rose 222.64 points, or 1.1 percent, to end at 20,487.23 on Wednesday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, rose 0.45 percent or 4.23 points, to close at 941.25 points in Wednesday's trading.
Chinese shares closed mixed Wednesday with the benchmark Shanghai Composite Index up 0.26 percent or 6.66 points to close at 2,535.39 points.
China must speed up reform of its opaque bond market as soon as possible to help accelerate the development of its financial sector, a central bank adviser said on Tuesday.