Mainland equities drop on EU debt crisis

Mainland stocks fell for the fourth time in five days as concern Spain's bailout plan won't be enough to tame Europe's debt crisis overshadowed higher-than-estimated new Chinese bank loans.

China Shenhua Energy Co, the largest coal producer, led a gauge of energy producers to the biggest drop among industry groups on concern Europe's economic problems may slow global growth.

Spanish and Italian bond yields surged on Monday as investors turned their attention to debt auctions in Italy this week and elections on Sunday that may determine whether Greece stays in the euro.