(Yicai Global) Sept. 11 -- The Shanghai and Shenzhen stock markets rose slightly on Monday morning trade, as a report that China was mooting a timetable for phasing out fossil fuel vehicles drove a rally among new energy vehicle stocks.

The Shanghai Composite Index closed at 3,369.56 points in early trading, up 0.13%, with turnover of 141.2 billion yuan.

The Shenzhen Component Index was up 0.33 percent, to 11,006.62 points as morning trading closed, with turnover of 190 billion yuan.

The Growth Enterprise Index rose 0.11 percent to 1,887.42 points, turning over 52.8 billion yuan.

Xin Guobin, China's vice minister of industry and information technology said at a car industry forum on Sept. 9 his ministry had started to investigate the timing of a ban on the sale of traditional internal combustion automobiles, and would work out a timetable for this with relevant bureaus, the official Xinhua News Agency reported.