Equities expected to stay on winning streak

SHANGHAI - Stock analysts expect another winning week for equities on the Chinese mainland.

That's after the country's benchmark index extended its winning streak on Monday, following the announcement of a cut in the reserve requirement ratio for banks for the first time this year as concerns rise over the strength of economic growth.

Banking shares mostly rallied on the first trading day after the announcement of a cut of half a percentage point in the RRR. The reduction, which will come into force on Feb 24, will add loanable funds of around 400 billion yuan ($63 billion) to the banking system.