Chinese equities gained on Wednesday, driven by banking shares on prospect that the country would not tighten its monetary policy.

The benchmark Shanghai Composite Index went up 1.16 percent, or 31.25 points, to finish at 2,714.97.

The Shenzhen Component Index advanced 1.17 percent, or 124.67 points, to end at 10,738.95.

Combined turnover further shrank to 137.04 billion yuan (US$20.06 billion) from 161.03 billion yuan on the previous trading day.

Gainers outnumbered losers by 562 to 274 in Shanghai and 491 to 248 in Shenzhen.

(Xinhua News Agency September 2, 2009)