Hong Kong shares rise after Chinese economic data

HONG KONG （MarketWatch） -- Hong Kong shares advanced early Monday after Chinese data released over the weekend reaffirmed market hopes for a soft-landing for the mainland economy and strengthened expectations of a delayed interest rate hike. Commodity producers such as Cnooc Ltd. paced the gains. The Hang Seng Index added 1.3% to 21,530.78 and the Hang Seng China Enterprises Index rose 1.8% to 12,042.56. Cnooc /quotes/comstock/13*!ceo/quotes/nls/ceo （CEO 181.62, +4.26, +2.40%） /quotes/comstock/22h!e:883 （HK:883 14.56, +0.42, +2.97%） added 2.3% and Aluminum Corp. of China Ltd. /quotes/comstock/22h!e:2600 （HK:2600 6.77, +0.21, +3.20%） /quotes/comstock/13*!ach/quotes/nls/ach （ACH 21.22, -0.02, -0.09%） climbed 2.6%, while China Overseas Land & Investment Ltd. /quotes/comstock/22h!e:688 （HK:688 17.08, +0.26, +1.55%） /quotes/comstock/11i!caovy （CAOVY 0.00, 0.00, 0.00%） gained 1.9%. Banking stocks also rose in line with a rally in regional lenders after new capital norms agreed by global regulators were less stringent than feared. HSBC Holdings PLC /quotes/comstock/22h!e:5 （HK:5 80.45, +1.30, +1.64%） /quotes/comstock/13*!hbc/quotes/nls/hbc （HBC 50.86, +0.06, +0.12%） added 1.2%. China's Shanghai Composite added 0.1% to 2,666.83.