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The agreement reached by US lawmakers to raise the debt ceiling may have eased investor concern, but China is still faced with the challenge of diversifying a massive foreign exchange portfolio.
Hong Kong stocks gained 223.12 points, or 0.99 percent, at 22,663.37 on Monday.
China's stock index futures closed mixed on Monday with the contract for August, the most actively traded, up 0.11 percent from the previous day to 2,987.8 points.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 14.11 points, or 1.54 percent, to 927.38 on Monday.
China's stocks ended slightly higher Monday with the benchmark Shanghai Composite Index up 0.08 percent to close at 2,703.78.
Chinese automaker, Great Wall Motor Co Ltd, plans to list in A share market by issuing not more than 304.2 million shares, to meet an estimated 3.2 billion yuan ($492 million) capital expenditure, Reuter reported Saturday.
China's securities regulator on Friday approved a plan by Sinohydro Group Ltd to raise more than $2.5 billion in what could be Chinese mainland's biggest initial public offering (IPO) this year.
The Chinese currency Renminbi, or the yuan, strengthened to a record high of 6.4399 against the US dollar on Monday, according to the China Foreign Exchange Trading system.
The high-speed train crash on July 23 and consequent public fury led to a rout of related stocks listed in China and overseas markets, which may cast a shadow over train-making and railway technology companies.
Stocks on the Chinese mainland fell, capping the benchmark index's biggest weekly drop in two months, as a delayed debt-limit vote by US lawmakers fueled concerns over a possible default.
Hong Kong stocks closed down 130. 49 points, or 0.58 percent, at 22,440.25 on Friday.
China's stock index futures closed lower on Friday with the contract for August, the most actively traded, down 0.32 percent from the previous day to 2,971.6 points.
