Also aiding sentiment toward the market, the Communist Party begins a meeting on Monday which is expected to pave the way for President Xi Jinping to secure an unprecedented third five-year term as president.
At close of trade, the benchmark Shanghai Composite Index added 0.2%, or 7.06 points, to 3,498.63. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.48%, or 11.56 points, to 2,417.97. The blue-chip CSI300 index gained 0.12%, or 5.83 points, to 4,848.18.
ECONOMIC NEWS: China's exports rose 27.1% to $300.2 billion in October 2021 as compared with a year ago, data from the General Administration of Customs showed on Sunday. Imports increased 20.6%, leaving a trade surplus of $84.54 billion.
CURRENCY NEWS: China's yuan was tad up against the U.S. dollar on Monday after firmer mid-point fixing by central bank. Prior to the market opening, the People's Bank of China (PBOC) set the midpoint CNY=PBOC at 6.3959 per dollar, 0.03% firmer than the previous fix of 6.398. In the spot market, onshore yuan CNY=CFXS was changing hands at 6.3971 late afternoon, 0.03% firmer than the previous late session close.
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