Hong Kong's H-share index of mainland-incorporated companies jumped 5.1% on Thursday to pass the 19,000-point level for the first time, the South China Morning Post reported. The H-share push, which was attributed to strong fund inflows from the mainland, was instrumental in the Hang Seng Index (HSI) gaining 1.97% to close at a new record high of 29,133.02 points. The H-share index has risen 74.67% since Beijing announced in August that it would start to allow individual mainland investors to buy Hong Kong-listed stocks. The HSI has gone up by 40% over a similar period. According to fund managers, the money flowing into Hong Kong targets certain stocks each day. China Shenhua Energy, Sinopec and PetroChina were the key beneficiaries on Thursday. Economists were divided over whether the market will now consolidate or continue rising. The Shanghai Composite Index also closed at a fifth consecutive record high of 5,913.23.