The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, increased 1.17 percent, or 11.86 points, to close at 1,022.62 on Tuesday.
Hong Kong stocks closed up 46.02 points, or 0.22 percent, at 21,401.79 on Tuesday.
Chinese equities closed higher on Tuesday with the key Shanghai stock index up 2.11 points, or 0.08 percent, to closed at 2,698.36.
China's securities regulator will allow guarantee funds to invest in stock index futures, the Shanghai Securities News reported Tuesday.
Gold, little changed in London, may gain as a weakening dollar and rising prices of other metals boost demand.
Mainland stocks, the worst-performing major market this year, may be poised for a "significant" rally when the government relaxes its policy tightening measures, according to RCM Asia Pacific.
Mainland stocks rose to the highest in four months as Macquarie Securities Ltd and BNP Paribas recommended shares with large capitalizations and improving US economic data bolstered the outlook for Chinese exports.
China's Ministry of Finance (MOF) said on Monday that it would float 40 billion yuan ($5.88 billion) of certificate T-bonds, the fourth group this year, from Sept 13 to 27.
China began selling its seventh and eighth group of local government bonds on Monday, with a combined value of 35.8 billion yuan ($5.27 billion).
Hong Kong stocks closed up 384.27 points, or 1.83 percent, at 21,355.77 on Monday.
Chinese equities closed higher on Monday with the key Shanghai stock index up, led by banking shares and iron and steel sectors.