HK stocks rise with oil stocks up, but Alibaba falls

HONG KONG, May 5 (Reuters) - Hong Kong stocks opened up 0.31
percent on Monday, tracking regional shares, with mainland
Chinese oil stocks leading the gain after China eased rules for
funds to set up in Hong Kong.

The benchmark Hang Seng Index .HSI opened up 0.31 percent
at 26,321.61 points, led by PetroChina (0857.HK: Quote, Profile, Research, Stock Buzz) and CNOOC Ltd
(0883.HK: Quote, Profile, Research, Stock Buzz).

The China Enterprises Index of Hong Kong-listed mainland
companies .HSCE, or H shares, had risen 0.32 percent as of 0203
GMT.
(US$1=HK$7.8)
(Reporting by Judy Hua; editing by Anne Marie Roantree)