BEIJING - Chinese stocks closed higher Monday, with the benchmark Shanghai Composite Index up 1.49 percent, at 3,477.55 points.

The Shenzhen Component Index closed 2.89 percent higher at 14,117.80 points.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, gained 4.14 percent to close at 2,898.73 points Monday.

The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange