China stocks rebounded on Monday after the securities regulator denied media reports it was cracking down on fundraising and mergers and acquisitions in certain sectors, helping to offset disappointing April economic data, according to Reuters. The blue-chip CSI300 index rose 0.7 percent to 3,095.31 points, while the Shanghai Composite Index gained 0.8 percent to 2,850.86 points. The market had dropped for four weeks in a row amid increasing concerns that a recent pick-up in China's economic activity may be fizzling out. Confidence was also hit last week by media reports saying China would suspend additional fundraising and M&As in four industries, including online finance, gaming, film and virtual reality. All main sectors rose, with IT shares leading the rise.
