Chinese mainland shares close higher

Chinese mainland stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 0.21 percent to 3387.57 points. The Shenzhen Component Index closed 0.44 percent higher at 10294.22 points. The combined turnover of these two indexes stood at about 1.17 trillion yuan ($162.64 billion), flat from the previous trading day. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.83 percent to close at 2065.39 points.

Tax revenue posts growth in April

China's tax revenue increased by 1.9 percent year-on-year in April, marking a shift from decline to growth, official data showed. In the first four months of the year, the country's tax revenue edged down 2.1 percent year-on-year while non-tax revenue increased by 7.7 percent year-on-year, according to data released by the Ministry of Finance.

Xinhua - China Daily