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Chinese mainland stocks extended gains on Monday as investors expected ampler liquidity and more easing policies after the central bank's latest move to boost lending.

Chinese rescuers had approached the burning ship multiple times to search for survivors and put out the fire despite danger, Lu said, adding that they boarded the ship and retrieved two bodies and the black box before it exploded.

Chinese company Sinopec Group grabbed second place, followed by State Grid and China National Petroleum, representing all three Chinese companies in the top 10.

Chinese monetary authorities face the dilemma of growth slowdown risks amid a rise in consumer inflation, but in order to stabilize growth, the policy markets are expected to do more to bolster growth, according to a research note from the Nomura Securities.

Chinese people, no matter where they are from and how old they are, are always seeking a better life and are forward looking, which, from my point of view, is the fundamental driving force for the Chinese economy.