Hong Kong Bank Account

Hong Kong stocks rose, lifting the benchmark index to the highest level in more than six weeks, on optimism earnings will advance along with a global economic recovery and after metal prices gained.

China Cosco Holdings Co., operator of the world’s largest dry-bulk fleet, jumped 3.6 percent after its parent said it expects to report a full-year profit on rebounding trade demand. Li & Fung Ltd., the biggest supplier for retailers including Wal-Mart Stores Inc., climbed 4.2 percent as U.S. unemployment came in lower than estimated. PetroChina Co. advanced 2.8 percent after its chairman confirmed it is part of a bid for Arrow Energy Ltd. China Resources Land Ltd. rose 1.4 percent on its first day trading as the newest constituent of the Hang Seng Index.

Hong Kong Stocks Rise to 6-Week High on Profit, Growth Optimism