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By Bloomberg

Chinese stocks traded in Hong Kong rose before an emergency summit in Brussels on Greece’s debt crisis.

Anhui Conch Cement Co. climbed 3.7 percent to lead gains on the Hang Seng China Enterprises Index after slumping 11 percent last week. Great Wall Motor Co. remained suspended pending a private yuan-denominated share sale. AIA Group Ltd. and Wharf Holdings Ltd. added 2.2 percent, the largest advances on the city’s benchmark index.

The Hang Seng China Enterprises Index, also known as the H- share gauge, climbed 0.6 percent to 13,259.14 at the midday trading break in Hong Kong. The measure sank 5.7 percent last week for its steepest weekly drop since May 2012, while the Shanghai Composite Index tumbled 13 percent. Mainland markets are shut today for a holiday. Hong Kong’s benchmark Hang Seng Index increased 0.4 percent to 26,878.03 today, with more than twice as many shares rising as falling.

“Investors may be expecting there will be some sort of agreement” in the Greece talks, said Ben Kwong, a director at brokerage KGI Asia Ltd. in Hong Kong. “Hong Kong didn’t catch up to the mainland rally” and H shares may be offering better investment value.

The mainland premium on dual-listed shares reached an almost six-year high on June 10, when Chinese A shares traded 43 percent higher than Hong Kong H shares. The premium has since narrowed to about 27 percent after mainland shares’ rout last week.

Greece Summit

Greek Prime Minister Alexis Tsipras is heading to Brussels for back-to-back meetings, culminating in an emergency summit Monday. With the clock running down on a June 30 deadline to make payments and work out a new deal after months of fruitless negotiations, Tsipras will have to convince the country’s creditors that he’s ready to compromise on election promises to avoid a default.

JPMorgan Chase & Co. said the the impact of Greece being ejected from the euro probably wouldn’t rock world markets, and the fallout in Asia is unlikely to spread beyond an initial kneejerk reaction, according to Australia & New Zealand Banking Group Ltd.

The rout in mainland equities wiped out $1.3 trillion of value last week, or more than Australia’s entire stock market, amid concern the government will clamp down on margin trading and valuations reached unsustainable levels.

No shares are trading through the Hong Kong-Shanghai stock link today because of China’s holiday. Preparations for a similar connection with Shenzhen are going smoothly, the China Securities Regulatory Commission said Friday, while the Hong Kong Economic Journal said it’s likely to start in September.

The Hang Seng China Enterprises Index traded at 9.4 times estimated earnings at the last close, compared with 16.3 for the Stoxx Europe 600 Index and 17.8 for the Standard & Poor’s 500 Index, which lost 0.5 percent in New York on Friday. E-mini futures on the S&P 500 climbed 0.4 percent today.

Among stocks that fell, Huatai Securities Co. dropped 4.8 percent to HK$22.90, its biggest retreat since its debut on June 1. Casino operators also declined, with Sands China Ltd. falling 2.2 percent to HK$28.35 and Galaxy Entertainment Group Ltd. sliding 3 percent to HK$33.45.