Share market sees strong new year rise
China's A-share market began 2015 with its best start for 22 years on Monday, led by energy and property shares as investors remained confident that the leadership will do more to fuel economic growth.
The Shanghai Composite Index rose by 3.6 percent to close at 3,350.52, its highest level since Aug 6, 2009. Turnover soared to 549.8 billion yuan ($88.7 billion), up from 432.3 billion yuan on the last trading day of 2014.
In addition to expectations of more interest rate cuts, which would inject more liquidity into the equity market, a series of fresh positive signs lifted investor sentiment.
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