HONG KONG, Dec 5 (Reuters) - Hong Kong shares soared to
their highest since August 2011 on Wednesday, buoyed by a
resurgent mainland Chinese market after comments from the new
Communist Party chief reassured investors of the country's
The Hang Seng Index ended up 2.2 percent at the day's
high at 22,270.9, surpassing the previous intra-day high set on
Monday. The China Enterprises Index jumped 2.9 percent.
In the mainland, the CSI300 of the top Shanghai
and Shenzhen listings soared 3.6 percent. The Shanghai Composite
Index climbed 2.9 percent to 2,031.9, returning above
the 2,000-point mark for the first time in more than a week.
* Wednesday's gains came in the highest bourse turnover
since March 6.
* Shares of Ping An Insurance jumped 4.9 percent
in Hong Kong after HSBC Holdings said it sold its
entire stake in China's second-largest insurer to a group linked
to Thailand's richest man, Dhanin Chearavanont.
* Chinese property, railway and infrastructure-related
sectors were among the leading gainers after Communist Party Xi
Jinping in comments listed tax reform, urbanization and allowing
the market to play a bigger role in setting resource prices as
among his key priorities.