Chinese shares rebounded at the close of Monday's session, following a decline at the earlier part of the trading session, amid disappointment over weak industrial and inflation data and an unimpressive fiscal package last week.

The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.5%, or 17.77 points, to close Monday's trade at 3,470.07. The Shenzhen Component Index jumped 2%, or 226.86 points, to 11,388.57.

China's industrial production prices fell 2.9% in October, the slowest in 11 months, lower than a 2.5% forecast by analysts polled by Reuters. Meanwhile, consumer prices rose 0.3% in the same month, the slowest since the 0.2% rise in June. It missed the 0.4% rise estimated by Reuters-polled economists.

China launched a 10 trillion yuan debt package on Nov. 8 to boost economic growth and mitigate local government financial pressures amid US President-elect Donald Trump's election victory.

No stimulus were announced with the package, but Finance Minister Lan Foan said more stimulus measures will be introduced.

China's cabinet also approved widening the coverage of export credit insurance and accelerate its support for trade firms, Reuters reported, citing state-owned media CCTV.

In corporate news, China Shipbuilding Industry Group Power (SHA:600482) soared 10% at the close as it plans to acquire a 16.5% stake in CSSC Diesel Engine through convertible bonds and cash.

Moreover, Zhejiang Hailiang (SHE:002203) closed 4.2% higher after announcing it will repurchase shares worth between 500 million yuan and 600 million yuan.

Levima Advanced Materials (SHE:003022) jumped 3.6% despite its controlling shareholder's plan to trim its holdings in the company by up to 3%.