China's stock markets closed about four percent higher on Monday, thanks to strong performances by the Hong Kong stock market and foreign bourses in the past week.

The Composite Stock Index on the Shanghai Stock Exchange, which comprises yuan-denominated A shares and foreign-currency B shares, closed at 1,497.1 points, up 56.8 points, or 3.95 percent.

Total turnover was 29.6 billion yuan (3.7 billion US dollars).

The major index of Shenzhen Stock Exchange, the Shenzhen Component Index, was up 4.3 percent to close at 4,015.79 points, with a total turnover of 16.8 billion yuan.

Analysts attributed the strong growth to the influence of global stock markets, which experienced substantial rises while China's stock markets were closed for the week-long Labor Day holiday.

The share prices of Sinopec and Yangtze Hydroelectric Co. rose by 7.4 percent and 8.18 percent respectively, while real estate giant G-Wanke was up 9.95 percent, spurring the average share prices of real estate firms to rise by 6.89 percent.

Many share prices of resource firms listed on the markets rose by a daily maximum of 10 percent, helped by the rising futures prices of non-ferrous metals on international markets.

Source: Xinhua