31.07.201307:08:44UTC+00 Hong Kong, Shanghai stocks advance; property bolsters

Hong Kong and Mainland Chinese stocks marched forward on Wednesday trading action after the Communist Party's politburo promised to maintain steady progress in the second half of 2013, raising shares of Financials and property developers. The Shanghai Composite surged 0.7% to 2,004.89, bouncing back over the 2,000-point level. In Hong Kong, the benchmark Hang Seng Index inched up 0.1% and the Hang Seng China Enterprises Index acquired a 0.4% gain, reflecting caution ahead of the Federal Reserve's policy decision later in the day. Shares of Anhui Conch Cement Co. pushed 4% higher, China Life Insurance Co. traded 2.2% greater and Poly Real Estate Group Co. skyrocketed 6.5% in Shanghai exchange. The Hong Kong-listed shares of China Life and Anhui Conch boosted 2% each, while China Resources Land Ltd. Increased with 3.2%.