China's equities closed mixed Monday, as the benchmark Shanghai Composite Index was driven up by oil and financial heavyweights to end at 2,857.18, up 0.52 percent, or 14.75 points.

The Shenzhen Component Index fell 0.16 percent, or 20.22 points, to end at 12,422.79.

Total turnover contracted to 203.93 billion yuan (30.62 billion U.S. dollars) from 206.8 billion yuan on the previous trading day.

Losers outnumbered gainers by 643 to 224 in Shanghai and 901 to 207 in Shenzhen.