Stocks on the Chinese mainland rose on Monday for the first time in three days, led by drug producers and steelmakers.
Hong Kong stocks went up 96.10 points, or 0.41 percent, to close at 23,345.88 on Monday.
China's stock index futures closed flat Monday with the contract for March, the most actively traded, up 0.04 percent from the previous trading day to 3,265.2.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, gained 5.78 points, or 0.52 percent, to 1,107.54 Monday.
Chinese shares closed higher Monday with the benchmark Shanghai Composite Index up 3.83 points, or 0.13 percent, to 2,937.63.
Premier Wen Jiabao said Monday that China would continue to gradually increase the flexibility of its exchange rate while taking into consideration the pressure on enterprises and employment which is important to social stability.
Asian stocks fell last week, dragging down a regional benchmark index by the most since August, as conflict escalated in the Middle East and an earthquake shook Japan in the final minutes of trading on Friday.
The Chinese currency, or the yuan, on Monday strengthened 49 basis points against the US dollar from last Friday.
Hong Kong stocks went down 365.11 points, or 1.55 percent, to close at 23,249.78 on Friday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, gained 7.86 points, or 0.72 percent, to 1,101.76 Friday.
China's stock index futures closed lower Friday with the contract for March, the most actively traded, down 1.34 percent from the previous trading day to 3,250.2.
Chinese shares closed lower Friday with the benchmark Shanghai Composite Index down 23.35 points, or 0.79 percent, to 2,933.8.