Hong Kong stocks closed down 117. 43 points, or 0.77 percent, at 22,877.25 on Friday.
China's stocks closed lower Friday, with the benchmark Shanghai Composite Index down 0.92 percent, or 26.56 points, to close at 2,871.70.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, rose 9.66 points, or 0.81 percent, to close at 1,196.02 on Friday.
China's State-owned companies may turn to the global bond market to finance a surge in overseas mergers and acquisitions (M&A) as the yuan appreciates and regulators curb access to domestic bank loans.
The Shanghai Futures Exchange will raise trading margins and limits for all contracts from Nov 30 in a bid to curb speculative trading, it said on Thursday.
Hong Kong stocks closed up 30.82 points, or 0.13 percent, at 23,054.68 on Thursday.
China's stock index futures closed higher Thursday with the contract for December, the most actively traded, up 1.15 percent from the previous trading day to end at 3,227.6 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, declined 22.09 points, or 1.83 percent, to close at 1,186.36 on Thursday.
Led by commodity producers, China's stocks closed higher Thursday, with the benchmark Shanghai Composite Index jumping 1.34 percent, or 38.32 points, to close at 2,898.26.
China's top economic planning agency said Thursday the country's commodity futures prices had declined since the government stepped up measures to battle inflation.
The China Securities Regulatory Commission (CSRC) on Wednesday approved 14 more brokerages to participate in a pilot margin-trading and short-selling business, adding up to a total of 25, Securities Daily reported Thursday.
The central parity rate of renminbi, or China's currency yuan, strengthens to 6.6557 per US dollar Thursday from Wednesday's 6.6589, according to the data released by the China Foreign Exchange Trading System.