China stocks surged to their highest close in five years on Monday, led upward by property and energy shares.
That's the highest since August 2009 for the Shanghai Composite and December 2009 for the CSI300.
The CSI300 Energy sub-index soared 8.9 percent as many constituents rose at the 10 percent trading limit. Analysts attributed the rally to coal shares' low valuation.
Among the most active stocks in Shanghai were Bank of China , up 6.5 percent to 4.42 yuan; GD Power Development , up 4.5 percent to 4.84 yuan and Agricultural Bank of China, up 4.9 percent to 3.89 yuan.
China CSI300 stock index futures for January rose 3.1 percent, to 3,689.6, a spread of 48.1 points below the current value of the underlying index.
Foreign investment flowing into Shanghai from Hong Kong through the mutual market access pilot program took up 4.69 billion yuan of the 13 billion yuan daily quota.