HONG KONG, Dec 29 (Reuters) - Hong Kong shares rebounded in thin trade on Wednesday, ending three consecutive day of falls, with banks and property plays leading after the recent selloff, while China automakers reacted calmly to the end of tax incentives for small cars and recovered in late trade.
Geely Automobile Holdings Ltd <0175.HK>, which fell 2.1 percent in the morning session, ended 3.6 percent higher. China Rare Earth Holdings Ltd <0769.HK> rose more than 16 percent to its highest in five weeks after China effectively cut export quotas by 35 percent for the first half of 2011 compared with a year earlier. [ID:nBJA002391]
The Hang Seng Index <.HSI> ended up 1.54 percent at 22,969.30, its biggest single-day percentage gain in more than a week. The China Enterprises Index <.HSCE> of top locally listed mainland Chinese companies rose 1.62 percent at 12,508.52. (Reporting by Donny Kwok; Editing by Chris Lewis)