Hong Kong and Mainland China opened higher after yesterday’s monetary policy bazooka. Still, they faded across the trading day, though both managed to post gains, especially the latter, on very higher volumes of 244% and 148% of the 1-year average, respectively.

Beijing is considering further easing mainland entry requirements for Hong Kong’s non-permanent residents, spokesman indicates.

China and Hong Kong stocks rallied broadly for a second day on Wednesday as investors basked in the afterglow of a wide-ranging stimulus package announced in the previous day. In early trade, China's blue-chip CSI300 Index and the Shanghai Composite Index gained more than 2 per cent each.