Chinese stock markets rose in the morning session Monday led by gains of property developers on speculation that slower growth in home prices in June would help ease government's grips on the property market.

The benchmark Shanghai Composite Index rose 0.81 percent at midday to 2,490.91 points, while the Shenzhen Component Index rallied 1.56 percent to end at 9,970.06.

Housing prices in 70 Chinese cities rose 11.4 percent year on year in June, slower from a 12.4 percent increase in May and the record 12.8 percent growth in April, the National Bureau of Statistics (NBS) said Monday.

Property prices slid 0.1 percent in June from the previous month, according to NBS.