The benchmark Shanghai Composite Index, a major index of Chinese shares, broke 2,900 points for the first time in history this morning.

The index, which covers both yuan-denominated A-shares and foreign currency-denominated B-shares, opened at 2,857.90 points in the morning session and cracked the 2,900-point mark at around 10:20 am.

In the meantime, the Shenzhen Component Index reset its own record to break 8,300 points.

Most stocks at the two bourses were on rise Monday morning.