Stocks on the Chinese mainland fell, sending the benchmark index to the lowest level in a week, on speculation the central bank may keep raising interest rates and tightening policies will slow economic growth and curb commodities demand.
Hong Kong stocks gained 101.29 points, or 0.46 percent, to close at 22,003.69 on Wednesday.
China's stock index futures closed lower on Wednesday with the contract for August, the most actively traded, down 0.45 percent from the previous day to 3,095.2 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, rose 3.53 points, or 0.38 percent, to 930.83 on Wednesday.
Chinese shares close mixed Wednesday with the benchmark Shanghai Composite Index down 0.1 percent, or 2.77 points, to close at 2,794.21.
China's Jilin Ji En Nickel Industry said on Wednesday that it aimed to raise up to 6 billion yuan ($928 million) via a private placement.
Stocks on the Chinese mainland fell on Tuesday, driving down the benchmark index by the most in a week, on concern banks' fundraising will drain capital from existing shares and policy tightening measures may slow the economy.
China's small-scale credit companies have issued a total of 89.4 billion yuan ($13.75 billion) of new loans in the first half of this year, the country's central bank said Tuesday.
Hong Kong stocks gained 97.65 points, or 0.45 percent, to close at 21,902.40 on Tuesday.
China's stock index futures closed lower on Tuesday with the contract for August, the most actively traded, down 0.31 percent from the previous day to 3,116.8 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, fell 18.82 points, or 1.99 percent, to 927.30 on Tuesday.
Chinese shares fell for the second consecutive day Tuesday with the benchmark Shanghai Composite Index down 0.70 percent, or 19.71 points, to close at 2,796.98.