The ChiNext Index rose on Wednesday as 56 of the 58 stocks at China's start-up board for small and medium-sized enterprises rose.
Chinese equities rallied nearly 2 percent Wednesday, on the US Federal Reserve's pledge to keep interest rates near zero for an extended period.
Antoine van Agtmael, who coined the term "emerging markets", said equities in developing nations are fairly valued and need a "breather" after last year's record rally.
Mainland stocks rose the most in a week, led by financial and technology companies, on speculation recent declines were excessive given earnings growth prospects.
Share prices of rare earth mineral and tungsten producers soared sharply on Tuesday after the government said it had stopped accepting applications for new mines in order to curb depletion of the valuable commodity.
Hong Kong stocks fell 53.64 points, or 0.25 percent, to close at 21,025.46 on Tuesday.
The ChiNext stock market was down Tuesday as only 8 of the 58 stocks at China's start-up board for small and medium-sized enterprises rose.
Chinese equities closed higher on Tuesday, with the benchmark Shanghai Composite Index up 0.53 percent or 15.9 points to close at 2,992.84 points.
China's national government pension fund, the Social Security Fund (SSF) yielded 84.9 billion yuan ($12.44 billion) in 2009, with an investment return rate of 16.1 percent, the 21st Century Business Herald reported on Tuesday, citing the National Council for Social Security Fund (NCSSF).
China may pick six brokerages to take part in margin trading trials, the China Securities Journal reported today, citing an unidentified person familiar with the situation.
China State Construction Engineering Corp, the country's largest homebuilder, said on Tuesday it planned to issue up to 20 billion yuan ($2.93 billion) worth of bills.