Shares of TAL Education Group and Pinduoduo rallied 4.03 percent and 3.66 percent, respectively, leading the gainers in the top 10 stocks in the index.
Shares of ZTO Express and Baidu slid 0.91 percent and 0.65 percent, respectively, the only two decliners in the top 10 stocks.
U.S. stocks climbed on Wednesday as investors pored through a batch of earnings reports and economic data.
The Dow Jones Industrial Average rose 373.05 points, or 1.39 percent, to close at 27,201.52. The S&P 500 was up 21.26 points, or 0.64 percent, to 3,327.77. The Nasdaq Composite Index increased 57.23 points, or 0.52 percent, to 10,998.40.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, dropped 3.24 percent to 22.99.
As of Tuesday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 4,353.60, marking a 3.39-percent increase for the month-to-date returns and a 37.46-percent gain for the year-to-date returns.
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