Chinese equities closed higher for the fourth consecutive day Monday to a nearly 14-month high, after investors were reassured the country would continue its proactive fiscal policy to maintain economic growth.

Sichuan Expressway Co. jumped 323 percent on its debut trade from its offer price before the stock was suspended.

The benchmark Shanghai Composite Index closed at 3,435.21 points, up 62.61 points, or 1.86 percent, to a new high since the index was closed at 3,369.92 on June 4, 2008.

The Shenzhen Component Index finished at 13,743.4 points, up 211.68 points, or 1.56 percent.

Combined turnover expanded to 352.33 billion yuan (about US$51.8 billion) from 337.95 billion yuan on the previous trading day. (Xinhua News Agency July 27, 2009)