: The Shenzhen Component Index rose 1.66 percent or 266.32 points to close at 16,312.31 points, according to Global Times China. The CSI 300 Index of the biggest companies traded in Shanghai and Shenzhen increased 1.96 percent or 94.04 points to 4,880.13 points. The Shanghai Composite Index jumped 2.48 percent or 113.66 points to 4,690.15 points Wednesday. A total of 1.49 trillion yuan changed hands on the two bourses, up from the previous trading day 1.30 trillion yuan. The market uptrend is not changed," Hong said. Hong Hao, chief strategist with BOCOM International, said that last week 13 percent slump in Chinese stocks had wiped out excessively leveraged punters in the market, setting the stage for healthier rises. "Those who bet with the highest level of leverage should be out of the game, and the market is stabilizing.
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