Chinese shares closed mixed in the morning session Monday, as investors weighed signals from China's own latest economic data as well as the aftermath of the devastating Japan earthquake.

Despite a 5-percent plunge of Tokyo stocks before the trading belt, the benchmark Shanghai Composite Index opened 0.34 percent lower at 2,923.98 and fluctuated within narrow ranges afterwards before ending the morning session at 2,933.31, down less down one point.

The Shenzhen Component Index fell 0.26 percent to open at 12,814.1 and moved out of the negative territory to close the morning break at 12,873.63, up 25.61 points, or 0.2 percent.

The People's Bank of China (PBOC), the country's central bank, said Monday morning that new yuan-denominated loans stood at 535.6 billion yuan (81.52 billion U.S. dollars) in February.

The new loan figure was 192.9 billion yuan less than February last year and was within the market expectation, temporarily easing investors' worriers over further tightening in the near future.

Also, China's February fiscal revenue jumped 41.5 percent year on year to 699.7 billion yuan (106.5 billion U.S. dollars), taking the January-February fiscal revenue to 1.85 trillion yuan (281.5 billion U.S. dollars), an annualized increase of 36 percent. the Ministry of Finance (MOF) said Monday.