HONG Kong and Shanghai stocks rose on Monday after Chinese economic growth data for the April-June quarter came in as forecast.
Hong Kong's benchmark Hang Seng Index added 0.12 per cent, or 26.03 points, to 21,303.31 on turnover of HK$45.98 billion ($A6.57 billion).
Beijing's statistics office said gross domestic product (GDP) grew 7.5 per cent year-on-year in the second quarter, in line with a median forecast by economists questioned by AFP.
While the figures show second consecutive slowdown, investors were pleased it was not worse than expected.
Brokerages rallied, with Shenyin Wanguo closing up 2.8 per cent at $HK2.60 while China Galaxy rose 1.5 per cent to $HK4.83.
But utilities declined, with Hong Kong & China Gas falling 1.3 per cent to $HK19.40 and Power Assets declined 0.8 per cent to $HK68.65.
Chinese shares closed up 0.98 per cent. The Shanghai Composite Index rose 19.90 points to 2,059.39 on turnover of 88.0 billion yuan ($A15.83 billion).
"The GDP number pretty much confirmed what investors had expected, that China's economy is slowing down," Changjiang Securities analyst Wu Bangdong told Dow Jones Newswires.
"But investors still hope that there might be some supportive policies."
Financial stocks led the gains. China Citic Bank rose 4.27 per cent to 3.91 yuan and Haitong Securities advanced 3.98 per cent to 10.98 yuan.
Media and entertainment shares rose on bargain hunting. Zhejiang Daily Media Group jumped 6.25 per cent to 28.03 yuan while Chinese Universe Publishing and Media gained 3.30 per cent to 19.08 yuan.
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