Hong Kong shares extended the previous day's gains to close up 0.23 per cent.
The benchmark Hang Seng Index ended up 51.78 points to 22,587.72 on turnover of HK$55.4 billion ($A7.93 billion).
The market had no cues from Wall Street, which was closed for the Presidents' Day holiday.
Internet giant Tencent rose 0.78 per cent to HK$584.50, while HSBC was up 0.79 per cent to HK$83.35.
Semiconductor manufacturing firm SMIC dropped 16.5 per cent to HK$0.67 and insurance firm ICBC also dipped 0.41 per cent to HK$4.84.
China Mobile also suffered a drop of 0.54 per cent to HK$73.65.
Chinese shares closed down Tuesday on profit-taking following recent gains, dealers said.
The benchmark Shanghai Composite Index ended down 0.77 per cent, or 16.35 points, to 2,119.07 on turnover of 129.8 billion yuan ($A23.77 billion).
The Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.41 per cent, or 4.77 points, to 1,155.62 on turnover of 186.4 billion yuan.
