HONG KONG, Dec 29 (Reuters) - Hong Kong stocks were set to open higher on Wednesday with oil counters leading on higher oil prices and property stocks rebounding after a recent selloff.
Auto stocks fell after China confirmed its plan to end tax incentives for small cars on Jan. 1 [ID:nLDE6BR0LF].
Great Wall Motor Co Ltd <2333.HK> was set to open 1.4 percent lower, Guangzhou Automobile Group Co Ltd <2238.HK> was down 0.78 percent, and Geely Automobile Holdings Ltd <0175.HK> slipped 0.3 percent.
China petroleum & Chemical Corp <0386.HK> was set to open 1.7 percent higher and property developer Sun Hung Kai Properties Ltd <0016.HK> was up 2.04 percent.
The benchmark Hang Seng Index <.HSI> was set to open up 0.46 percent at 22,725.38. The China Enterprises Index <.HSCE> of top locally listed mainland companies was indicated to open up 0.47 percent at 12,367.70. (Reporting by Donny Kwok; Editing by Chris Lewis)