Chinese shares rose Wednesday for the third day in a row after Premier Wen Jiabao said Tuesday that China will properly control the intensity, pace and focus of its macroeconomic regulation.
The benchmark Shanghai Composite Index gained 0.74 percent, or 17.81 points, to close at 2,427.48.
The Shenzhen Component Index rose 1.14 percent, or 116.58 points, to close at 10,319.98.
Gainers outnumbered losers by 646 to 240 in Shanghai and by 951 to 343 in Shenzhen.
Total turnover expanded to 182.98 billion yuan (28.84 billion U.S. dollars) from 156.27 billion yuan on the previous trading day.
During a two-day inspection tour Tuesday in Tianjin, Wen said the government will fine-tune its macroeconomic regulations at the proper time.
These remarks were taken by investors as a signal that the government might change its tightening policies.
The property development sector gained 1.26 percent. China Vanke, the country's largest property developer by market value, gained 3.51 percent to 7.66 yuan. Poly Real Estate, the second-largest property developer, increased 5.5 percent to 9.79 yuan.
Cement producers were among the largest gainers. Anhui Conch Cement, a leading cement provider, rose 2.14 percent to end at 19.56 yuan per share, while Guangdong Tapai Group gained 3.22 percent to 12.19 yuan.
