BEIJING -- Chinese shares gained on Wednesday for the third day in a row, after Premier Wen Jiabao said on Tuesday that China will properly control the intensity, pace and focus of its macroeconomic regulation.

The benchmark Shanghai Composite Index gained 0.74 percent, or 17.81 points, to close at 2,427.48.

The Shenzhen Component Index rose 1.14 percent, or 116.58 points, to close at 10,319.98.