Chinese stocks soared in Monday's trading session in a bullish start to the week. The Shanghai Composite rose to a seven week high after a Chinese Central Bank official said the stock market correction is almost over. However, the index is still 30 percent from its all-time high. Meanwhile, investors also seem to be betting on the possibility of further stimulus measures when Beijing meets later this month. Anheuser Busch is reportedly ready to make an increased offer for SABMiller. Anheuser has discussed the possibility of raising its takeover bid for SABMiller to about $60 a share, a level that leaves the two sides at odds days before a deadline for a formal offer. Last week, reports said SABMiller turned down a $104 billion dollar offer, saying the offer was too low. AB InBev wants SABMiller's exposure to emerging markets in Latin America and Africa. SABMiller's largest shareholders are split on the deal.