Chinese stocks closed higher Wednesday with the benchmark Shanghai Composite Index up 1.17 percent, or 31.38 points, to 2,708.81 points.

The Shenzhen Component Index climbed 1.34 percent, or 153.3 points, to11,599.67 points.

Combined turnover shrank to 115.5 billion yuan (17.55 billion U.S. dollars) from 129.3 billion yuan the previous trading day.