At closing bell, the benchmark Hang Seng Index advanced 1.49%, or 37746 points, to 25,787.21. The Hang Seng China Enterprises Index grew 1.84%, or 164.67 points, to 9,136.07.
Financial stocks advanced on cross-border wealth management potentials after 19 banks have received approval from the HKMA to sell wealth management products to mainland residents.
Alibaba Group Holding shares surged on reports it would launch a new home-grown server chip to bolster China's self-sufficiency push, and plans a strategic investment in distressed chip maker Tsinghua Unigroup.
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