BEIJING - Chinese stocks closed lower on Wednesday, with the benchmark Shanghai Composite Index down 0.13 percent to 3,493.05 points.

The Shenzhen Component Index closed 0.06 percent lower at 10,581.8 points.

The combined turnover of these two indices stood at 1.51 trillion yuan (about $211.1 billion), up from 1.45 trillion yuan on the previous trading day.

The banking sector and stocks related to new-type urbanization were among the top performers, while stocks in the insurance, nonferrous metal and wind power sectors led the losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.16 percent to close at 2,184.67 points.