Mainland stocks gained, driving the benchmark index above the 3000 level for the first time since April, as technology and consumer companies rose on speculation that the industries will gain from the country's next Five-Year Plan.
China's TAL Education Group raised $120 million in its US initial public offering after pricing its shares at the top of its forecast range, Bloomberg reported on Wednesday.
China's large-cap stocks will lead a rally in the country's equities as investors switch from smaller companies that trade at higher valuations, according to Bosera Asset Management Co.
Hong Kong stocks closed up 294. 35 points, or 1.25 percent, at 23,763.73 on Tuesday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, climbed 6.82 percent, or 63.56 points, to close at 995.92 on Tuesday.
China's stock index futures closed up Tuesday with the contract for November, the most actively traded, rising 2.32 percent from the previous trading day to end at 3,423.8 points.
Chinese shares climbed 1.58 percent Tuesday, led by consumer-related companies as the central authorities vowed to continue to boost domestic demand in the next five years on Monday.
Soybean oil futures in China fell for the first time in a week on Monday. The decline came on concerns that the government may be trying to curb recent price gains and ease inflation by selling more stockpiles of the cooking oil at cheaper prices.
Mainland stocks fell for the first time in eight days, led by material and agriculture producers, on concern that this month's rally that drove the benchmark index to a bull market was excessive relative to the outlook for earnings.
Hong Kong stocks closed down 288.25 points, or 1.21 percent, at 23,469.38 on Monday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, dropped 1.26 percent, or 11.89 points, to close at 932.36 on Monday.
China's stock index futures closed mixed Monday with the contract for October, the most actively traded, rising 2.5 percent from the previous trading day to end at 3,310.6 points.