HONG KONG, June 24 (Reuters) - The following stocks were on the move on the Hong Kong stock exchange on Monday.
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HANG SENG INDEX UP 0.12 PCT AT 10,604 AT 0419 GMT
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**ESPRIT HLDGS JUMPS 6.6 PCT ON MACY'S ORDERS**
Fashion retailer Esprit Holdings up 6.59 percent to HK$14.55 after the company said on Friday it had received initial wholesale orders from U.S. department store chain Macy's.
Esprit said its products would initially be offered at 30 locations on the U.S. west coast this autumn.
At the start of trade the stock had fallen 10 percent in the past month.
0423 GMT
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**H-SHARES UP, TRACKING SURGE ON MAINLAND BOURSES**
Shares of mainland-incorporated firms listed in Hong Kong, known as H-shares, were up sharply - tracking a surge in China's domestic stock markets after Beijing abolished a controversial share selldown plan that had sparked fears of a liquidity crunch.
The H-share index was up 2.11 percent to 2,174.77 in morning trade, outperforming a 0.06 percent gain on the benchmark Hang Seng Index.
Top gainers on the sub-index included China Southern Airlines , China's largest airline, up 6.4 percent at HK$3.325. Iron and steel maker Maanshan Iron gained 6.25 percent to HK$0.68.
China's domestic stock markets were up more than seven percent after the government said on Sunday it had decided to end a plan to sell down state holdings in listed firms which account for more than half a stock market capitalised at around US$500 billion. Chinese share markets had fallen 30 percent since the plan was introduced last summer.
The Shanghai B-share index was up about seven percent, while the Shenzhen B-share index was about eight percent higher.
0248 GMT
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**BRILLIANCE CHINA UP ON COMPANY CLARIFICATION**
China's largest minibus maker Brilliance China up 3.2 percent to HK$1.13 after the company issued an announcement to explain the replacement of its former chairman.
But many investors will likely be cautious after the recent confusion surrounding the company's change in management, analysts said.
"The clarification may be lifting the share price but I think it will take some time to restore investor confidence in the stock," said Kitty Chan, associate director at Lippo Securities.
Brilliance said in a statement on Monday that former chairman Yang Rong had been removed because his concentration of management functions was not in the best interest of shareholders.
Yang, replaced by the board last week, had also been chief executive officer and president of the firm. Brilliance said that given its joint venture talks with German automaker BMW and its expected production of Zhonghua sedans, the concentration of functions in his hands was not in the best interest of shareholders.
As at the start of trade on Monday, Brilliance shares had lost 17 percent in the past month on concern about reports that Yang was being investigated by authorities -- which were repeatedly denied by the company -- and investor frustration over the slow progress of the planned BMW joint venture, which has been awaiting government approval for well over a year.
0231 GMT