BEIJING, July 21 (Xinhua) -- Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up 0.72 percent to 3,559.79 points.

The Shenzhen Component Index closed 0.86 percent higher at 11,007.49 points.

The combined turnover of these two indices stood at 1.7 trillion yuan (about $237.7 billion), up from 1.57 trillion yuan the previous trading day.

Stocks related to cement and building materials led the gains, while stocks related to cross-border payment and the banking sector suffered major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.87 percent to close at 2,296.88 points.