Hong Kong stocks rose 0.84 percent, or 193 points, to 23,135 on Monday.

It comes after the benchmark Hang Seng Index closed down on Friday by 3.3 percent.

Shares of New World Development rose more than six percent in early trading after the developer said it would increase cashflow and cut debt as it reported an interim net loss of HK$6.63 billion.

Meanwhile, shares of China's largest bubble tea and drinks chain Mixue Group jumped nearly 30 percent on their first day of trading on the Hong Kong Stock Exchange on Monday after the firm raised HK$444 million in an initial public offering. (Agencies)