HONG KONG, Oct 8 (Reuters) - By 0300 GMT, the benchmark Hang Seng Index <.HSI> had risen 0.7 percent to 23,051.2, approaching a two-year peak.
The China Enterprise Index <.HSCE> of top locally listed mainland stocks was up 1.1 percent.
Here are some stocks on the move:
* Zijin Mining Group Co Ltd <2899.HK> soared 12 percent to its highest level since January after its shares resumed trading following a suspension on Monday pending an inquiry into a leak near one of its gold mines.
The company said it had been fined 9.56 million yuan ($1.4 million) for leaking acidic copper solution into a river in July.
A trader at a Korean bank in Hong Kong said the fine, which represents less than 1 percent of a 2010 consensus earnings forecast, was likely much lower than market expectations.
"One implication is that the penalty for the Guangdong accident in September could be much smaller than market expectations as well," said the trader.
* Local property plays continued their strong run higher after a brief pause earlier this week as investors piled into shares on expectations that the government is unlikely to announce strict measures to bring down prices.
Cheung Kong (Holdings) Ltd <0001.HK> rose 3.6 percent. Sun Hung Kai Properties Ltd <0016.HK> was up 2.9 percent.
Investors will focus on the government's policy address scheduled for next week, although most analysts said they did not expect overly negative policies to be announced and instead expect the authorities to target increasing land supply and, on smaller scale, support affordable housing schemes.
* Xinjiang Goldwind Science & Technology Co Ltd <2208.HK>, the country's second-largest wind turbine maker, rose as much as 8.4 percent on its trading debut as investors bet on strong demand for the alternative energy sector.
The strong listing bodes well for upcoming renewable energy initial public offerings, including that of China Huaneng Group Corp and Datang Corp, the country's top power producers, which aim to raise more than $2 billion by floating their renewable energy units in Hong Kong.
A wave of IPOs have been launched in Hong Kong over the past few weeks, with issuers riding strong gains in equity markets. Hong Kong's Hang Seng Index <.HSI> rose 11 percent in the third quarter, driven largely by robust foreign fund inflows. (Reporting by Vikram S Subhedar; Editing by Chris Lewis)