(Yicai Global) Feb. 26 -- Stock markets on the Chinese mainland opened higher again today after soaring more than 5 percent yesterday, setting multi-year highs in trading volume and single-day gains.

The Shanghai Composite Index opened 0.26 percent higher at 2,969.10, while the Shenzhen Component Index gained 0.31 percent to 9,162.92. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, was up 0.84 percent at 1,549.24.

China's stock market has been red hot since it resumed trading on Feb. 11 after the week-long Chinese New Year holiday, with the cumulative rise of each of the indexes between 14.3 percent and 20.9 percent as of yesterday's close.

Investors have been buying in a frenzy amid rife expectations of more accommodating fiscal and monetary policies, as well as a financial market more welcoming to overseas capital and a more stable relationship with trade partners, namely the United States.