Hong Kong stocks rebounded on Monday on positive manufacturing data and expectations from the National People's Congress due to start on Wednesday.

While the rebound covered last week's losses, its amplitude remained moderate as sentiment soured due to trade tensions between China and the U.S. as China plans to impose new levies on U.S. agricultural exports in retaliation to President Donald Trump's plans to impose an additional 10% tariff on Chinese goods, Reuters reported.

The Hang Seng Index rose 0.28%, or 64.95 points, to close at 23,006.27. The Hang Seng China Enterprises Index rose 0.03%, or 2.26 points, to end at 8,419.69.

Data from the National Bureau of Statistics showed a return of expansionary territory in China's manufacturing activity in February. The manufacturing purchasing manager's index expanded to 50.2 in February from a contraction of 49.1 in January following a rise in the new order and production indices.

The Caixin Purchasing Managers' Index also rose to 50.8 points from the previous month's 50.1 points. Composite PMI also climbed 1.0 percentage point to 51.1%, up 1.0 points, indicating the post-Spring Festival acceleration of the recovery and development of China's corporate production and operation activities.

In corporate news, MIXUE Group (HKG:2097) made a stellar trading debut in Hong Kong Monday morning as its shares soared over 29.4% at the opening bell. At the close, the company's shares had a bid price of HK$289.80 with an asking price of HK$290.00.