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China's stock market rose in hot trading Monday, closing near a nine-month high. The United States and China are said to be close to reaching an agreement to end the trade war, and China is preparing for the opening of the National People's Congress.
The Shanghai Composite Index. SSEC closed up 1.12% at 3,027.58 points, the first time it has been above 3,000 since June last year and its highest close since June 14 last year.
The Shanghai-Shenzhen 300 index. CSI300 closed up 1.18% at 3,794.10, its highest close since June 12 last year.
Trading volume is high, with about 52.56 billion shares traded on the Shanghai Stock Exchange, which is about 228.1% of the 30-day moving average of 23.34 billion shares. Trading volume in the previous trading day was 34.58 billion.
The Shenzhen Composite Index. SZSC closed up 2.21% and the GEM index closed up 3.306%.
Zhang Yanbing, an analyst at Zheshang Securities, said that the rise was a continuation of the strong trend that had emerged since October last year and was "boosted by many positive factors".

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