Chinese shares continued to rebound by climbing 2.26 percent on Wednesday after major companies rebuffed rumors on massive refinancing plans that led more than 4 percent slump on Monday.
The benchmark Shanghai Composite Index, which covers both A and B shares, rose 95.87 points to 4,334.05.
The Shenzhen Component Index gained 424 points, or 2.77 percent, to 15,752.4.
Banking and large-caps led the rise, although analysts predicted the prices will falter after massive shares come out of lock-up periods.
Combined turnover decreased to 123.84 billion yuan from 135.51 billion yuan on Tuesday.
Source:Xinhua
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