Hong Kong stocks rose 391.07 points, or 1.7 percent, to close at 23,451.43 on Wednesday.
Chinese shares closed lower Wednesday with the benchmark Shanghai Composite Index down 2.31 points, or 0.08 percent, to 2,955.77.
Shares of Citic Securities Co Ltd jumped 1.71 percent at the close of trading on Tuesday. The advance came after China's biggest listed brokerage unveiled its roughly $2.7 billion Hong Kong IPO plan, potentially boosting the company's global competitiveness.
The Chinese currency, or the yuan, on Wednesday gained 39 basis points to 6.5586 per US dollar from Tuesday.
Stocks on the Chinese mainland fell on Tuesday, dragging the benchmark index down for the first time in three days. The retreat came as investors speculated that the government will raise borrowing costs to cool inflation.
Hong Kong stocks fell 7.83 points, or 0.03 percent, to close at 23,060.36 on Tuesday.
China's stock index futures closed lower Tuesday with the contract for April, the most actively traded, down 0.94 percent from the previous trading day to 3,273.8.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, fell 33.07 points, or 3.14percent, to 1,019.04 Tuesday.
Chinese shares closed lower Tuesday with the benchmark Shanghai Composite Index down 25.93 points, or 0.87 percent, to 2,958.08.
The gross operating revenue for 1,039 A-share listed companies last year came to 9.28 trillion yuan – an increase of 35.05 percent from a year ago, China Securities Journal reported Tuesday.
Chinese stocks and energy companies are expected to lead advances by Asian equities this year. That's according to a survey of participants at a Credit Suisse Group AG investor conference in Hong Kong last week.
Stocks on the Chinese mainland advanced for a second day after companies from Yanzhou Coal Mining Co to China Minsheng Banking Corp reported higher profit.