China stocks notch strong start to year on growth outlook

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SHANGHAI: China stocks kicked off 2021 on a firm note on Monday, after a survey pointing to a continued recovery in the world's second-largest economy bolstered investor sentiment.

The blue-chip CSI300 index rose 1.1% to 5,267.72, while the Shanghai Composite Index added 0.9%to 3,502.96.China stocks rose to multi-year highs on the last trading day of 2020, as investors cheered a Sino-Europe investment deal and Beijing's policy support for its capital markets.

"We are optimistic about the equities market this year, as the fragility of a global economic recovery means the super-loose liquidity conditions would remain, while China pledges continued and stable policy support for its economy," analysts at Zhongtai Securities said in a note.

 

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