Chinese shares close higher on Wednesday

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Chinese equities rose on Wednesday for the fourth consecutive trading day, with the benchmark Shanghai Composite Index up 14.31 points, or 0.46 percent, to close at 3,128.54.

The Shenzhen Component Index gained 71.35 points, or 0.55 percent, to close at 12,931.21.

Combined turnover shrank slightly to 280.7 billion yuan (41.1 billion U.S. dollars) from 289.94 billion yuan on the previous trading day.

The ChiNext market for start-up stocks, which began trading last Friday, rebounded with 27 stocks out of total 28 up after losses for two consecutive trading days.