Chinese equities gained 1.65 percent on Wednesday, with the benchmark index climbing above 3000-point mark.

The benchmark Shanghai Composite Index on Shanghai bourse closed at 3,008.15 points, up 48.79 points. The Shenzhen Component Index closed at 11,848.75 points, up 282.14 points, or 2.44 percent.

Total turnover expanded to 231 billion yuan (US$33.97 billion) from 213.58 billion yuan on the previous trading day.

(Xinhua News Agency July 1, 2009)