The Mainland China stock market ended sharply higher on Monday, 21 December 2015, as risk sentiments bolstered on bet the government will accelerate reform of state-owned enterprises. Meanwhile, bargain buying in blue chips stocks were also inspired by recent wave of share acquisitions by yield-seeking insurance firms. All 10 SSE industry groups advanced, with shares of consumer-staples led gainers. The Shanghai Composite Index advanced 1.77%, or 63.51 points, to close at 3642.47. The Shenzhen Composite Index, which tracks stocks on China's second exchange, grew 0.96%, or 22.39 points, to close at 2357.99. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, declined 0.01%, or 0.34 points, to close at 2829.92.
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