The Hong Kong share market rose yesterday to its highest level since May 3 as investors flocked into mainland-related stocks on speculation that Beijing may have more market-boosting measures in the pipeline.

The Hang Seng Index rose 0.65 per cent to close with a gain of 137.38 points at 21,136.43, breaching the psychologically important 21,000 level for only the second time in more than five months.