HONG KONG, Dec 1 (Reuters) - Hong Kong shares ended higher in low volume on Wednesday as investors avoided taking large positions ahead of year-end, prompting capital outflows from the territory and causing the Hong Kong dollar to hover near a two-month low.
The benchmark Hang Seng Index <.HSI> closed up 1.05 percent at 23,249.8. The China Enterprises Index <.HSCE> of top locally listed mainland companies closed 1.03 percent higher at 12,949.85.
Hang Seng Bank Ltd <0011.HK> rose 1.6 percent after CBI Securities analyst Paul Schulte said investors should buy into banks with low loan-to-deposit (LDR) ratios. Hang Seng has an LDR of 52 percent. (Reporting by Kelvin Soh; Editing by Chris Lewis)