Hong Kong Exchanges and Clearing Limited (HKEx) and Shanghai Exchange (SSE) Thursday agreed on new cooperation initiatives including a mechanism for regular exchanges and strengthening cooperation in the development of products like ETFs.
Mainland stocks rose, led by banks and insurers, after the nation's growth rate accelerated to the quickest pace since 2007 in the fourth quarter.
Copper paced a gain in industrial metals including zinc as China's economy expanded at the fastest pace since 2007 in the fourth quarter, bolstering optimism that demand will increase in the world's biggest metals user.
Hong Kong stocks fell 1.99 percent or 423.50 points to close at 20,862.67 on Thursday.
Chinese shares edged up on Thursday, with the benchmark Shanghai Composite Index gained 0.22 percent to close at 3,158.86 points.
The ChiNext Index closed up on Thursday as 40 of the 50 shares at China's start-up board for small and medium-sized enterprises gained.
Chinese shares opened slightly higher on Thursday with the benchmark Shanghai Composite Index rising 0.07 percent to open at 3,154.19 points.
Equities declined yesterday amid concerns over tighter lending controls and the stronger-than-expected inflationary pressure in the market.
Chinese Vice President Xi Jinping on Wednesday called for continued efforts to promote smooth and relative fast development of the economy.
Sinosteel Corp has set the ball rolling for an initial public offering (IPO) of its shares on the domestic bourses this year even as the steel trader looks to expand its global footprint further, said Huang Tianwen, president of the company.
Shanghai copper fell 1 percent yesterday, after China's central bank signaled another move to tighten monetary policy and the dollar gained, but sentiment was still supported by strong demand outlook.
The ChiNext closed down on Wednesday as 40 of the 50 shares at China's start-up board for small and medium-sized enterprises fell.