HONG KONG, Dec 28 (Reuters) - Hong Kong shares crept to
their highest close in almost 18 months on Friday, with
investors rotating into Chinese non-banking financial counters
after the central bank pledged faster reforms in the sector.
The Hang Seng Index ended up 0.2 percent on the day
and 0.7 percent on the week at 22,666.6, its highest closing
level since July 8, 2011.
The China Enterprises Index of the top Chinese
listings in Hong Kong rose 0.3 percent on Friday and 1.3 percent
The CSI300 of the top Shanghai and Shenzhen
listings ended up 1.5 percent on the day and 4.6 percent on the
week at 2,480.1. The Shanghai Composite Index rose 1.2
percent on Friday and 3.7 percent this week.
* With just half a day of trade to go in 2012, the Hang Seng
Index is up 23 percent on the year after slumping 20 percent in
2011. The China Enterprises Index is up 14.5 percent after
sinking 22 percent last year.
* Chinese brokerages soared after China's central bank
pledged to quicken the pace of reforming and opening up the
sector in 2013, while preventing systemic risks. Citic
Securities surged 10.7 percent to a record high since
its October 2011 high, while Haitong Securities soared
* Belle International, a leading China-focused
footwear retailer, gained 2.8 percent after the state-run China
Securities Journal newspaper reported that Beijing could
introduce new measures to boost consumption ahead of the annual
party congress in March.