Stocks in Hong Kong closed on Friday at their biggest weekly gain in more than three years, as the city’s bourse expects investment quotas for mainland investors to rise by over 30 percent to accommodate heavy capital inflows.
The Hang Seng index rose 1.2 percent, to 27,272.39, bringing the week’s gain to 7.9 percent.
Hong Kong Exchanges and Clearing Ltd (HKEx) Chief Executive Charles Li told reporters on Friday that regulatory authorities have been discussing raising the quotas for a while.
Total trading volume of companies included in the HSI index was 3.4 billion shares.
The material has been provided by InstaForex Company – www.instaforex.com