HK shares open up 0.8 percent, Chinese banks lead

HONG KONG, July 4 (Reuters) - Hong Kong shares will open 0.8 percent higher after losing nearly 4 percent over two consecutive sessions, led by a rebound in financials after China's biggest bank issued a positive earnings outlook for the half year.

Industrial & Commercial Bank of China (1398.HK: Quote, Profile, Research) is set to open 1.8 percent higher, recovering from Thursday's 4 percent drop, after the lender said its interim profit rose at least 50 percent, based on Chinese accounting standards.

Smaller rival China Construction Bank (0939.HK: Quote, Profile, Research) will open up 2.4 percent.

The Hang Seng Index .HSI will open up at 21,402.17.

The China Enterprises Index .HSCE of top locally-listed Chinese companies rose 1.1 percent. (Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner)