HONG KONG, Aug. 10 (Xinhua) -- Gains on Wall Street Friday and easing concerns over possible credit tightening in China after Premier Wen Jiabao's comments sent Hong Kong shares to close at an almost 12-month high Monday, led by China Mobile and Chinese banks.

The blue-chip index rose 554.15 points, or 2.72 percent, to 20, 929.52, its highest closing level since Aug. 29, when it closed at 21,261. The blue-chip index traded between 20,730.41 and 21,010.47 during the session.

The turnover fell to 71.40 billion HK dollars (9.22 billion U.S. dollars) from last Friday's 93.64 billion HK dollars (12.01 billion U.S. dollars).

Traders said they expect ample liquidity in the territory to continue to lend support to the blue-chip index in the near term.

Local shares rose after encouraging U.S. employment data spurred the Dow Jones Industrial Average to rise 1.2 percent to 9370.07 Friday, its highest close in more than nine months.

Heavyweight China Mobile led the domestic stock market rally on its mainland-China listing hopes.

The mobile giant rose 3.4 percent to 91.55 HK dollars after Oriental Daily reported Monday the company will very likely list on Shanghai Stock Exchange's international board next year.

Chinese Premier Wen Jiabao's affirmation over the weekend that China will maintain its current macroeconomic policies stance, including active fiscal policy and moderately loose monetary policy, also boosted the local market.

Wen's comments lifted Chinese banks. China Construction Bank rose 4 percent to 5.98 HK dollars, Industrial and Commercial Bank of China gained 3.1 percent to 5.27 HK dollars, and Bank of Communications ended 4.0 percent higher at 9.14 HK dollars. (1 U.S. dollar equals 7.7425 HK dollars)