Hang Seng gains 1.82% in post-holiday return

Hong Kong share market closed sharp higher on Monday, 29 December 2014, catching up gain in mainland A-shares after returning from a four-day weekend. The gain came after reports that China's central bank had changed its rules to allow deposits from non-bank financial institutions to count as reserves, a measure aimed at increasing lending and boosting growth. The Hang Seng Index ended 423.84 points, or 1.82%, up at 23773.18, off an intra-day high of 23867.46 and low of 23694.53. Turnover amounted to HK$80.4 billion from half-day turnover of HK$39.7 billion on Wednesday in a shortened session. The stock market was closed on Thursday and Friday for Christmas holidays.

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