(Yicai Global) March 11 -- China's mainland markets returned to a strong upward trend today after two selling reports triggered a slide on March 8. However, Hong Kong-based domiciled funds on the mainland, known as northbound funds, continued a trend of net outflows, hitting CNY1.5 billion (USD220 million).

The Shanghai Composite Index closed up 1.9 percent at 3,026.99 with over CNY404.4 billion (USD60 billion) swapped. The Shenzhen Component Index closed 3.6 percent higher at 9,704.33 with a turnover of CNY540.1 billion. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, closed 4.4 percent higher at 1,727.8, with CNY175.4 billion flipped.

The science and technology, Internet of Things and power sectors led the gains, replacing the financial and swine industries, which were last week's best performers.

 Editor: William Clegg