HSI opens 1pc lower

Hong Kong stocks dipped further in the morning but still held high for over four months, after Beijing released plans to support private sector and boost consumption. 

The benchmark Hang Seng Index started today at 22,716 points, 228 points or 1 percent lower than the previous close, one of the highest levels seen in early October.

HSI then rallied slightly to 22,753 points as of 9.41 am in Hong Kong, down by 190 points or 0.83 percent from the previous close.

The tech guage opened 1.1 percent or 62 points higher at 5,610 points.

Yesterday, China's top financial regulator vowed it will maintain stable and effective credit supply to private firms and will step up support for their loans, an official statement showed on Wednesday.

The National Financial Regulatory Administration also said they will meet the reasonable financing needs of various real estate enterprises, including private housing enterprises.

STAFF REPORTER AND REUTERS