Chinese equities rose on Monday, led by property developers and banks after the release of figures showing slowing home price rises in June eased concerns over more policies to contain the property market.

Housing prices in major Chinese cities rose 11.4 percent year on year in June, one percentage point lower than the increase in May and lower than the record 12.8-percent gain in April, the National Bureau of Statistics (NBS) said Monday.

Home prices slid 0.1 percent in June from the previous month, according to NBS, and the amount of new bank loans at 603.4 billion yuan (88.7 billion U.S. dollars) was the lowest in three months, China's central bank said Sunday.

Poly Real Estate, China's second largest developer by market value, climbed 3.68 percent to 11.84 yuan. China Vanke, the biggest, gained 5.52 percent to 7.64 yuan.

Industrial and Commercial Bank of China, the country's largest listed lender, added 2.63 percent to 4.3 yuan.

The benchmark Shanghai Composite Index edged up 0.8 percent, or 19.8 points, to end at 2,490.72 points.

The Shenzhen Stock Index gained 1.45 percent, or 142.36 points, to 9,959.22 points.

Total turnover stood at 153.93 billion yuan, down from 157.02 billion yuan the previous trading day.

Gainers outnumbered losers by 743 to 119 in Shanghai and 736 to 219 in Shenzhen.

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