* HK->Shanghai Connect daily quota used -3.8%, Shanghai->HK
quota used 3.1%
* HSI flat, HSCE -0.21%, CSI300 -1.1%
* HK Exchanges and Clearing jumps 3.8% after media report
BEIJING, July 16 (Reuters) - Hong Kong stocks ended higher
on Friday marking a weekly gain on policy support hopes and
after a media report said companies that are going public in the
city will be exempt from cybersecurity reviews.
** At the close of trade, the Hang Seng index was up 8.41
points or 0.03% at 28,004.68. The Hang Seng China Enterprises
index fell 0.21% to 10,152.95.
** For the week, the Hang Seng rose 2.41%.
** The benchmark index erased earlier losses in the afternoon
session, after a media report said China plans to exempt
companies going public in Hong Kong from reviews by the
country's cybersecurity regulator, removing one hurdle for
businesses that list in the Asian financial hub instead of the
** Shares of Hong Kong Exchanges and Clearing rose as
much as 5.1% before ending 3.76% higher, touching its highest
level since Feb. 24.
** The sub-index of the Hang Seng tracking the financial sector
ended 0.35% higher, and the IT sector rose
** The top gainer on the Hang Seng on Friday was Xiaomi Corp
, which gained 4.82%, while the biggest loser was
Shenzhou International Group Holdings Ltd, which fell
** Sentiment was also bolstered by China's better-than-expected
June activity data revealed on Thursday.
** China's main Shanghai Composite index closed down
0.71% at 3,539.30 points, while the blue-chip CSI300 index
ended down 1.1%.
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 0.37%, while Japan's Nikkei index
closed down 0.98%.
(Reporting by Cheng Leng and Andrew Galbraith;Editing by Elaine