Hong Kong and mainland stocks gained as China and the US agreed to promote trade and investment cooperation after a third round of discussions in two weeks.
The Hang Seng Index added 0.6 per cent to 28,923.44 as at 9.45am local time, on track to snap a six day losing streak. The Shanghai Composite added 0.4 per cent, while the CSI 300 of the biggest stocks in Shanghai and Shenzhen rose 0.6 per cent.
CSPC Pharmaceutical led gainers among blue chips, rising 3 per cent to HK$12.52, while BYD gained 2.1 per cent to HK$203.60. Meituan added 1.8 per cent to HK$298.40.
Chinese commerce minister Wang Wentao and his US counterpart Gina Raimondo “had a candid and pragmatic exchange of views on relevant issues and mutual concerns in the China-US business field,” the ministry said a statement in Beijing on Thursday.
China Three Gorges Renewables Group rose 44.2 per cent from its listing price of 2.65 yuan as the power generation company made its trading bow in Shanghai.