Hang Seng China Enterprises Index on Hong Kong Stock Exchange surged 268.2 points or 1.86 percent to close at record high 14,707.9 Friday.

The H-shares index, initiated in August 1994 and readjusted on Sept. 10, 2007, tracks the overall performance of 43 Chinese mainland state-owned enterprises listed on the Hong Kong Stock Exchange.

Hang Seng China H-Financials Index jumped 285.36 points or 1.67percent to close at 17,329.03.

The H-Financials Index, initiated on Nov. 27, 2006 and readjusted on Sept. 10, 2007, tracks the performance of nine major banks and insurers of the Chinese mainland.

Hang Seng China-Affiliated Corporations Index roared 124.35 points or 2.53 percent to close at 4,998.92.

The index tracks the performance of 31 locally listed companies with a significant equity interest held by entities in the Chinese mainland.

Hang Seng Mainland Composite Index advanced 91.1 points or 1.97percent to close at 4,705.03.

Introduced on Oct. 3, 2001 and readjusted on Sept. 11, 2006, Hang Seng Mainland Composite Index gauges the performance of 103 Hong Kong-listed companies with principal places of business in Hong Kong and the Chinese mainland.