Investors betting on large-cap stocks taking the lead in the A-share market may have to bear with a frustrating range-bound market for some time as liquidity fears prevail, analysts said.
Hong Kong stocks closed up 341. 46 points, or 1.56 percent, at 22,208.50 on Friday.
The ChiNext market closed up Friday as only one of the 66 stocks at China's start-up board for small and medium-sized enterprises fell.
Chinese equities ended two straight falls on Friday and rose 0.85 percent led by strong gains of heavyweights.
Guangdong Development Bank (GDB), which is making preparations for its IPO, on Thursday got shareholders' approval to raise as much as 15 billion yuan ($2.2 billion) by selling additional shares to replenish its core capital, China Business News reported Friday.
Securities regulators should gradually loosen listing restrictions on the ChiNext board to empower more innovation-driven but cash-starved small companies to tap the capital market, financial experts say.
The upcoming launch of China's index futures is a historic move that represents a giant step by China towards a market-driven economy, said the founder of financial futures.
China unveils stock index futures in Shanghai
A ceremony was held Thursday in Shanghai to mark the debut of stock index futures on the Chinese mainland, which observers believe was a step forward in the city's efforts to develop itself into a risk management center for the whole Asia-Pacific region.
Hong Kong stocks closed down 61. 73 points, or 0.28 percent, at 21,867.04 on Thursday.
The Hainan Meilan International Airport Company, the listed airport operator under HNA Group, has signed a deal with its parent and Kingward Investment Ltd to acquire a 54.5 percent stake in the HNA Airport Holdings Co for 2.2 billion yuan ($322.3 million)
Chinese equities fell for a second day Thursday, led by market heavyweights, in the wake of the resumption of 3-year central bank bills which ignited concerns of further liquidity tightening.
The ChiNext stock market closed down Thursday as only four of the 66 stocks at China's start-up board for small and medium-sized enterprises rose.