Stocks rise on expected policy plans

Tax and fee relief, removal of loan obstacles for private firms foreseen

Chinese stocks surged on Monday as investor confidence rebounded due to the expectation of further measures from authorities to stabilize the market, officials and researchers said.

China's three major stock market indexes rose on Monday. The Shanghai Composite Index increased by 4.09 percent to close at 2654.88 points. The Shenzhen Component Index surged 4.89 percent to close at 7748.82 points, and the ChiNext Index, China's Nasdaq-style board of growth enterprises, gained 5.2 percent to close at 1314.94 points.