Hong Kong stocks surged 328.1 points, or 1.64 percent, to close at 20,378.66 points Friday.
China's stock index futures closed higher Friday with the contract for July, the most actively traded, up 2.93 percent from the previous trading day to end at 2,620.0 points.
ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, rose 2.94 percent, to close at 932.15 points in Friday's trading.
Chinese shares rebounded Friday after the central bank reaffirmed loose monetary policy, ending the week up by 3. 7 percent.
Rubber advanced to a one-week high after a US trade group said that retail sales increased at the fastest pace in four years, stoking optimism that demand for the commodity used in tires may strengthen.
Mainland stocks dropped for the first time in three days, led by industrial companies and energy producers, as concern the government will step up tightening measures overshadowed rising earnings.
Hong Kong stocks went up 193.49 points, or 0.97 percent, to close at 20,050.56 points on Thursday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, declined 0.33 percent, to close at 905.51 points in Thursday's trading.
China's stock index futures closed mixed Thursday with the contract for July, the most actively traded, up 0.16 percent from the previous trading day to end at 2,569.4 points.
Profit taking depressed Chinese shares on Thursday after two-day gains, with the benchmark Shanghai Composite Index down 0.25 percent to end at 2,415.15 points.
China may allow foreign companies to sell stock in Shanghai next year, opening the world's largest market for first-time share sales and advancing the city's bid to become an international financial center.