* HK->Shanghai Connect daily quota used 22.8%, Shanghai->HK daily quota used 23.5%

* HSI +1.2%, HSCE +1.5%, CSI300 -0.3%

* FTSE China A50 -0.9%

Jan 8 (Reuters) - Hong Kong stocks closed at a near 11-month high on Friday, boosted by hopes of an economic recovery later in the year and gains in other Asian markets.

** The Hang Seng index rose 1.2% to 27,878.22, the highest closing level since Feb. 17, 2020, and the China Enterprises Index gained 21 1.5%, to 10,955.55 points.

** For the week, HSI added 2.4%, while HSCE climbed 2%.

** The strong rally also came after Wall Street hit record highs on Thursday while bond prices fell as markets bet a new Democratic-controlled U.S. government would lead to heavy spending and borrowing to support economic recovery in the United States.

** "The market uncertainty decreased after the U.S. Congress formally certified Biden's election victory, which is good for Hong Kong stocks," Guodu Hong Kong said in a report.

** However, the brokerage said, Trump administration's bans against China could weigh on the market.

** The U.S. ambassador to the United Nations, Kelly Craft, will visit Taiwan on Jan. 13-15 for meetings with senior Taiwanese officials, the U.S. mission to the United Nations, prompting China to warn they were playing with fire.

** Bucking the broad gains, the Hang Seng telecommunications index tumbled 3.2%, after global index providers MSCI Inc and FTSE Russell said they would cut three Chinese telecom companies from their benchmarks in response to a U.S. investment ban. (Reporting by the Shanghai Newsroom; Editing by Angus MacSwan)