Hong Kong stocks rebounded on Thursday after a two-day slide, as sentiment improved amid high hopes of further stimulus measures from China.

The Hang Seng Index surged 1.2%, or 242 points, to close at 20,397.05. The Hang Seng China Enterprises Index added 1.53%, or 110.72 points, to 7,360.10.

All eyes are on the statement that the Xinhua News Agency will publish later today following the conclusion of China's Economic Work Conference.

Investors are optimistic about aggressive measures to support the economy following stronger stimulus language in the Politburo statement earlier this week.

Adding to the upbeat sentiment was the US November consumer price index, which rose 0.3% month-over-month and 2.7% year-over-year, in line with expectations.

The reading should keep the Federal Reserve on track to slash interest rates next week.

On the corporate front, RoboSense Technology (HKG:2498) fell over 5% amid plans to raise gross proceeds of up to HK$277.5 million through the placement of a maximum of 10 million new shares.