HONG KONG, July 14 Hong Kong shares finished
higher on Monday as China's three state-owned wireless carriers
outperformed after they announced a deal on a joint
The Hang Seng Index closed up 0.5 percent at
The China Enterprises Index of the leading offshore
Chinese listings in Hong Kong climbed 0.8 percent, its third
straight daily gain.
Leading gains on the Hang Seng was China Unicom,
which spiked 4.7 percent. China Mobile and China
Telecom moved up 2.6 and 3.9 percent, and were the top
index boosts respectively on the benchmark and H-share indexes.
The three largest telecoms in China said late on Friday they
had agreed to jointly establish a telecommunications tower
company with a registered capital of 10 billion yuan ($1.61
billion), which analysts said would cut their costs.
Chinese carmakers were also stronger on new policy support
from Beijing for electric and plug-in hybrid cars. Warren
Buffett-backed BYD rose 3.8 percent.
($1 = 6.2045 yuan)
(Reporting by Grace Li; Editing by Kim Coghill)