Chinese shares extended their rally on Tuesday, with the benchmark Shanghai Composite Index gaining 0.92 percent to end at 3,185.62 points.
The Shenzhen Component Index rose 0.61 percent to close at 10,238.69 points. Total turnover on the two bourses came in at about 670 billion yuan (105.15 billion U.S. dollars), up from 570 billion yuan on the previous trading day.
Developing the capital market is a key goal of China's reforms, and it will not change just because of current market fluctuations, according to Chinese President Xi Jinping in an interview published in the Wall Street Journal on Tuesday ahead of his state visit to the United States from Tuesday to Friday.
China's securities regulator stressed last Friday that it would stand by its recent market-stabilizing rules, saying it has completed review of 41 alleged instances of sales of shares that violated the rules.
Starting July 8, the government banned major shareholders, corporate executives and directors holding more than 5 percent of a company's shares from selling stakes in listed companies for six months.
Although downward pressure on the economy may persist for a while, the Chinese government has plenty of policy room and options to achieve its annual growth targets, the country's top economic planner said Tuesday.
Shares related to securities traders, gene technology, Tianjin development and charging piles led the gains on Tuesday.
Shanxi Securities and Tianjin Tianbao Infrastructure Co., Ltd. both surged by the daily limit of 10 percent to end at 11.11 yuan and 5.67 yuan, respectively.
The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, fell 0.02 percent to close at 2,078.72 points.
Latest comments