(Yicai Global) July 1 -- China's stock markets rose significantly today, inspired by the fresh progress of China-US trade negotiations over the weekend.

The Shanghai Composite Index finished 2.22 percent higher at 3,044.90, while the Shenzhen Component Index closed at 9,530.46, up 3.84 percent, and the ChiNext Price Index, which tracks growth enterprises in Shenzhen, ended up 3.75 percent at 1,568.16.

Tech stocks and liquor stocks led gains, closing at 5.57 percent and 4.51 percent higher. Gold and Rare earth stocks spearheaded the losers, closing 0.59 percent and 0.09 percent lower.