BEIJING - Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 0.28 percent, at 3,060.75 points.

The Shenzhen Component Index closed 1.08 percent higher at 11,072.06 points.

ChiNext Index closes higher

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 1.37 percent to close at 1,993.9 points.

The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, reflects the performance of stocks listed on the Shenzhen Stock Exchange.