Hong Kong stocks closed up 268. 72 points, or 1.22 percent, at 22,378.67 points Wednesday. The benchmark Hang Seng Index traded between 22,439.19 and 22, 300.09 during the day's session. Turnover totaled 85.35 billion HK dollars (about 11 billion U.S. dollars) compared with Tuesday's 78. 93 billion HK dollars. All of the four sub-indices went up, with the commerce and industry as the biggest gainer, which rose 1.45 percent, followed by the finance, rising 1.19 percent, the properties, 0.84 percent, the utilities, 0.47 percent. The Hang Seng China Enterprises Index, which tracks mainland- based companies listed on the Hong Kong Stock Exchange, surged 2. 04 percent to 12,429.28. Banking giant HSBC edged up 0.12 percent to 80.45 HK dollars. It's local unit Hang Seng Bank advanced 0.7 to 115.80 HK dollars. Another heavyweight, China Mobile, gained 0.57 percent to 79.80 HK dollars. The sole market operator, HK Exchange, added 1.48 percent to 151.30 HK dollars. Local developers surged. Henderson Land went up 1.67 percent to 54.65 HK dollars, Cheung Kong up 0.44 percent to 114.70 HK dollars. Sun Hung Kai Properties, gained 0.93 percent to 130.10 HK dollars. The leading residential housing developer won the bid of a government site in Fanling, the New Territories Wednesday at 459 million HK dollars -- 40 percent above the opening bid. Mainland lenders closed up. Abc rocketed 3.12 percent to close at 3.97 HK dollars, Bankcomm up 1.08 percent to 8.43 HK dollars, CCB surged 2.09 percent to 6.83 HK dollars, ICBC rose 2.05 percent to 5.97 HK dollars, Bank of China gained 1.24 to 4.09 HK dollars. For oil shares, Sinopec added 2.69 percent to 6.87 HK dollars, PetroChina went up 2.05 percent to 8.96 HK dollars and CNOOC advanced 2.45 percent to 15.08 HK dollars. 