Stocks enjoy ninth day of rises

Hopes for additional financial reforms maintain momentum

Mainland stock markets extended their winning streak for a ninth day on Monday, with investor confidence reinforced by a pledge by top officials for further deepening of financial reforms.

The benchmark Shanghai Composite Index advanced almost 2 percent to 3,687.73 points on turnover of 661.6 billion yuan ($106 billion) from 651.8 billion yuan on Friday. The index breached the seven-year high on Tuesday and has continued rising since.