The blue-chip CSI300 index edged up 0.1 per cent to 5,085.79, while the Shanghai Composite Index added 0.4 per cent to 3,534.32.
Shenzhen’s start-up board climbed 0.5 per cent, while Shanghai’s tech-focused STAR50 index gained 2.5 per cent.
Advanced Micro-Fabrication Equipment Inc China jumped as much as 12 per cent before closing 7.4 per cent higher, after China’s state integrated circuit fund participated in the company’s private placement.
Six of China’s ministries including Ministry of Industry and Information Technology pledged on Friday to foster outstanding manufacturers and support qualified companies to get financing from the capital markets.
Though investors turned cautious after a slump on Friday, when major indexes fell the most in four months amid growth concerns.
“Most of (China’s) broad-based indices and industry indices now stand at the end of a rising trend, and the stock rally since the first quarter could have ended, leading to a potential correction going forward,” Essence Securities noted in a report.
A private survey showed on Monday that growth in China’s services sector slowed sharply in June to a 14-month low, weighed down by a resurgence of Covid-19 cases in southern China, adding to concerns the world’s second-largest economy may be starting to lose some momentum.
Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.01 per cent, while Japan’s Nikkei index closed down 0.64 per cent.
At 0731 GMT, the yuan was quoted at 6.4617 per US dollar, 0.16 per cent firmer than the previous close of 6.472.
As of 0732 GMT, China’s A-shares were trading at a premium of 39.15 per cent over the Hong Kong-listed H-shares.
