HSI ends up 368 pts at 24,855; turnover at HK$140.8bn

    Hong Kong stocks closed sharply higher on Monday in heavy trade after China unveiled details on its "Belt and Road" initiative, as well as the CSRC allowed Chinese domestic fund managers to participate in the Shanghai-HK Stock Connect program without QDII qualification.
  The Hang Seng Index ended up 368 points or 1.5% to 24,855, off an intra-day high of 24,949 and day low of 24,725. The H-share index soared 408 points or 3.4% to 12,306.
  Turnover increased significantly to HK$140.8 billion compared to HK$78 billion on Friday.
  By market close, the northbound quota balance of the "Shanghai-HK Connect" program was RMB14.085 billion, surpassing the daily allowed quota of RMB13 billion. It means the sell trade value was larger than buy order value. The southbound quota balance was RMB7.941 billion, or 76% of the quota of RMB10.5 billion. It means 24%, the highest level since the program launch, of the quota was used.
  Mainland developers saw their gains widen in afternoon session on talks that the PBoC may announce new housing measures, which was quickly dismissed. COLI (00688) gained 4.2% to HK$26. CR Land (01109) rose 1.4% to HK$22.2.
  More and more countries have committed to the proposal of Asian Infrastructure Investment Bank, while "Belt and Road" strategy also benefit port and terminal operators. China Merchants (00144) soared 6.2% to HK$30.8. Dalian Port (02880) shot up 17.4% to HK$3.31. Xiamen Port (03378) jumped 8.9% to HK$2.21.
  Infrastructure stocks soared across the board on the initiative. China Railway (00390) rose 20% to HK$8.11. China Rail Cons (01186) jumped 19% to HK$12.06. China Comm Con (01800) requested trading suspension pending sensitive news. It rose 14% to HK$11.42 before suspension.