SHANGHAI: China stocks closed higher on Monday, as investors cheered Beijing's continued policy support to shore up its economy hurt by the coronavirus crisis. The blue-chip CSI300 index rose 0.9% to end at 5,046.84, while the Shanghai Composite Index gained 0.8%to 3,420.57.

The tech-heavy start-up board ChiNext rose 3.6%, while Shanghai's STAR50 index surged 2%. Leading the gains, the CSI300 industrials index and the CSI300 IT index rose 2.3% and 1.8%, respectively.

Bucking the broad strength, surveillance camera maker Hikvision and top chipmaker SMIC eased on index exclusion and US blacklisting. SMIC said on Sunday that being put on a US trade blacklist would pose a significant adverse impact to its research and development in its 10-nanometer and more advanced chip technology.

China will maintain policy support for its economic recovery, avoiding a sudden shift in policy, to help keep economic growth within a reasonable range in 2021, the Xinhua news agency said on Friday, after a meeting of top leaders ended.

The annual Central Economic Work Conference, a gathering of top leaders and policymakers to chart the economy's course in 2021, is being watched by investors amid speculation that Beijing would make policy changes amid accelerating growth, following a virus-induced slump earlier this year.