Chinese stocks eked out gains on Monday after President Xi Jinping met with the business community the same day.

The Shanghai Composite Index, the main gauge of Chinese stocks, inched up 0.27% or by 9.11 points to 3,355.83. The Shenzhen Component Index increased 0.39% or by 41.60 points to 10,791.06.

Among those seen at the symposium include BYD (HKG:1211, SHE:002594) founder and chairman Wang Chuanfu, Unitree founder Wang Xingxing, and CATL (SHE:300750) Chairman Robin Zeng, Reuters reported, citing video footage by Chinese state television.

Will Semiconductor (SHA:603501) founder Yu Renrong also attended, Reuters said, citing footage from CCTV.

The symposium was seen to help rally sentiment among the private sector, the report said. Details of the speech were not disclosed.

Meanwhile, Chinese banks extended 5.13 trillion yuan new loans in January, higher compared with analysts' forecast of 4.5 trillion yuan.

The country's M2 or broad money supply rose 7% year over year to 318.52 trillion yuan as of the end of January, below the expected 7.2% growth forecast by analysts polled by Reuters.

Renminbi-denominated loans increased 7.5% year over year to 260.8 trillion yuan in January

In the corporate front, US President Donald Trump said he could extend the delay to ban TikTok in the US from the current 75 days as he is looking to strike a deal for the app, according to Reuters.

Beijing Enlight Media (SHE:300251) closed 15% lower during Monday's trading. The slump comes days after its animated production Ne Zha 2 grossed more than 10 billion yuan, Yicai Global reported Friday.

BYD's Shenzhen shares closed 2% during Monday's trading following the meeting with Xi.