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The Shanghai-listed company's price closed at 15.7 yuan (.27) per share on Monday, down 4.96 percent on the day, meaning a listing of 400 million shares will be valued at more than 0 million.

The Trump administration is expected to announce this week that the United States will ban all e-cigarette products except those that taste like tobacco and menthol, a revision from its previous plan to take off the market all flavored-e-cigarettes, according to media reports.

The Taiwan Affairs Office of the State Council on Tuesday condemned the Taiwan authority for "arbitrarily persecuting” people who support peaceful unification.

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The Shenzhen Component Index closed 1.72 percent higher at 13,163.98 points.

The TV series Midnight Canteen, adapted from hit Japanese manga of the same title, aired on Chinese TV in June but caused a lot of controversy online, criticized by many as copycatting the Japanese TV version and losing Chinese characteristics. The TV drama was rated at only 2.8 points out of 10 on douban, China's major film and TV review website, overwhelmed by criticism that it's not presenting an authentic Chinese midnight culinary culture.

The Shanghai and Shenzhen bourses announced on Monday that the first trading day after the extended Chinese Lunar New Year holiday has been postponed to Feb 3.

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The Swedish Post and Telecom Authority has halted 5G spectrum auctions after a local court allowed Huawei Technologies Co to appeal the decision to exclude the Chinese tech giant from the nation's 5G mobile network.

The Trump administration's  tariffs on medical devices imported from China has some in the medical devices industry questioning the logic behind the levies.

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The Sichuan provincial government also rolled out a series of measures to facilitate enterprises to resume production. A total of 3,112 projects were reviewed online. Among these, 142 projects are related to mask production lines and public health capacity enhancement.

The State Administration for Market Regulation launched a campaign in January to crack down on irregularities in the sale of healthcare products.