* HK->Shanghai Connect daily quota used 3.2%, Shanghai->HK daily quota used 15.5% * HSI +1.2%, HSCE +1.4%, CSI300 +1.5% * FTSE China A50 +1.3% SHANGHAI, Feb 2 (Reuters) - Hong Kong stocks ended higher on Tuesday, underpinned by consumer and industrial firms, as mainland investors continued to pour money into the Asian financial hub. ** The Hang Seng index rose 1.2%, to 29,248.70, while the China Enterprises Index gained 1.4%, to 11,609.02. ** Leading the gains, the Hang Seng consumer discretionary index and Hang Seng industrials index closed up 3.2% and 4.3%, respectively. ** Mainland investors on Tuesday bought a net HK$17 billion worth of Hong Kong stocks via the Stock Connect linking mainland and the Asian financial hub, extending their buying spree. ** In January, their southbound purchases totalled HK$310 billion, the highest on a monthly basis, according to HKEX. ** More mainland funds will be attracted to Hong Kong stocks whose valuations remain lower than those of A-share market, U.S. and European markets, Guosen Securities (HK) noted in report. ** The brokerage said Hong Kong-listed mainland companies were expected to post solid earnings thanks to China’s economic recover. ** Sentiment also got a boost as China’s central bank, the People’s Bank of China (PBOC), injected liquidity, easing worry over persistently tight liquidity. ** China’s short-term money rates eased to two-week lows, as signs of liquidity tension in the interbank money markets started to fade. The PBOC injected a net 78 billion yuan ($12.08 billion) into money markets. ** Adding to market optimism, China reported the fewest new COVID-19 cases in a month as imported cases overtook local infections. (Reporting by the Shanghai Newsroom Editing by Robert Birsel)