HONG KONG Nov 22 Hong Kong shares climbed to
their highest in two weeks on Thursday, helped by strength in
Chinese property-related counters as investors cheered official
comments committing to a gradual implementation of property
The Hang Seng Index ended up 1 percent at 21,743.2,
its highest close since Nov. 7. The China Enterprises Index
of the top Chinese listings in Hong Kong rose 0.9
The CSI300 Index of the top Shanghai and Shenzhen
fell 0.8 percent off a one-week high set on Wednesday. The
Shanghai Composite Index shed 0.7 percent as bourse
volume dropped some 13 percent from Wednesday.
* Official media on Thursday quoted Chinese Finance Minister
Xie Xuren as saying that the implementation of property taxes
will be done gradually, fanning hopes of more structural reforms
in the sector that could also see the removal of home purchase
curbs by China's new leaders in the new year.
* China Overseas Land & Investment jumped 2.1
percent, creeping back towards an all-time high set on Nov. 5.
China Resources Land soared 3.5 percent to its highest
in almost three years.
* Hong Kong markets barely reacted to a preliminary survey
of November manufacturing activity in China, which showed the
country's vast manufacturing sector saw expansion accelerate in
November for the first time in 13 months.