Stocks in Hong Kong rose nearly 4% as Zhejiang Hu Hang Yong (00576.HK) absorbed Zhenyang Development through a stock swap merger, achieving dual listings in both the A-share and H-share markets.

According to the Zhitong Finance APP, Zhejiang Hu Hang Yong (00576.HK) has risen by nearly 4%, as of the time of writing, it is up 3.85% at 7.02 Hong Kong dollars with a trading volume of 28.62 million Hong Kong dollars.