SHANGHAI: Mainland stocks rose to a two-week high, led by developers and consumer-staple producers, after the government pledged to maintain a "moderately" loose monetary policy and Kweichow Moutai Co raised product prices.

The Shanghai Composite Index rose 14.85, or 0.45 percent, to 3331.9 at the close, the highest since Nov 23. The gauge swung between gains and losses at least 15 times. The CSI 300 Index added 0.7 percent to 3668.83.

China Vanke Co, the nation's biggest listed property developer, climbed 2.7 percent to 12.29 yuan. Poly Real Estate, the No 2, advanced 2.2 percent to 26.09 yuan.