The People's Bank of China (PBOC), the central bank, announced Sunday that it would raise the deposit reserve requirement ratio for Chinese financial institutions by 0.5 percentage points from May 10.
Hong Kong stocks closed up 329. 67 points, or 1.59 percent, at 21,108.59 on Friday.
China's stock index futures fell on Friday with the contract for May, the most actively traded, down 0.24 percent to end at 3,107 from the previous trading day.
The ChiNext stock market was down Friday as only 16 of the 79 stocks at China's start-up board for small and medium-sized enterprises rose, while one stock was suspended from trading.
Chinese shares closed mixed on Friday after six days of consecutive losses, while posting a 7.67 percent loss for April.
Hong Kong stocks Thursday closed 170.48 points, or 0.81 percent, lower at 20,778.92, tracking declines in mainland markets.
China's stock index futures fell on Thursday with the contract for May, the most actively traded, down 1.56 percent to end at 3,084 from the previous trading day.
The ChiNext Index was down Thursday as only 13 of the 71 stocks at China's start-up board for small and medium-sized enterprises rose, while other two stocks were suspended from trading.
Chinese equities posted widespread losses,retreating to the lowest in the past seven months Thursday with the benchmark Shanghai Composite Index down 1.1 percent.
Corn rose for the first time in four sessions after a drop to the lowest price in three weeks spurred buying interest and on speculation that China will boost imports as cold weather threatens to damage crops.
Hong Kong stocks closed down 312.39 points, or 1.47 percent, at 20,949.40 on Wednesday.
The ChiNext stock market was down Wednesday as only 23 of the 75 stocks at China's start-up board for small and medium-sized enterprises rose, while other three stocks were suspended from trading.