Chinese shares rose to a new high on Tuesday, with the benchmark Shanghai Composite Index rising 0.26 percent to close at 3,720.53 points.

The index, which covers both yuan-denominated A-shares and foreign currency-denominated B-shares listed on the Shanghai StockExchange, opened at 3,736.15 points and touched an intraday all-time high of 3,746.24 points in the morning.

The component index of the smaller Shenzhen Stock Exchange was down 0.15 percent to 10,669.04 points.

Combined turnover of the two bourses soared to a record of 317.6 billion yuan (40.72 billion U.S. dollars).

Source:Xinhua