Hong Kong Stocks rose on Monday on expectations of further spending stimulus to boost the economy from the Standing Committee of China's National People's Congress, a major meeting of the country's leaders, this week.

The Hang Seng Index rose 0.30%, or 61.09 points, to close Monday's session at 20,567.52. The Hang Seng China Enterprises Index rose by 0.34%, or 24.99 points, to close at 7,367.65.

The Hong Kong Securities and Futures Commission expanded its cross-border wealth connect scheme to include brokers, naming 14 securities companies that will participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau, according to a statement released Friday.

Hong Kong's retail sales fell 6.9% year over year to HK$29.6 billion in September, slower than the 10% slide in August, according to provisional data from the city's census and statistics department released Friday.

Hong Kong's Securities and Futures Commission concluded consultations and finalized its proposed guidelines for market soundings which will protect the release of confidential information ahead of block trades and large securities transactions, taking effect from May 2, 2025, according to a Thursday press release by the regulator.

In corporate news, Legend Holdings (HKG:3396) and its subsidiary Junchuang Financial Group agreed to dispose of a 14.51% stake and a 0.82% interest, respectively, in JC International Finance & Leasing to Sunshine Life for 474.1 million yuan and 26.6 million yuan. The company's shares closed over 1% lower on Monday.

Beijing Jingneng Clean Energy (HKG:0579) reported a net profit attributable to the owners of 2.57 billion yuan for the nine months ended Sept. 30, lower than of 2.70 billion yuan Logged for the corresponding period last year. Its shares closed over 1% lower on Monday's close.

Powerlong Commercial Management Holdings (HKG:9909) said Chen Deli resigned as its chief executive officer due to spend more time on his other business commitments. The shares of the company closed less than 1% higher on Monday.