A-shares extend rally, boosted by factory activity

Chinese A-shares extended a rally on Tuesday with the Shanghai Composite Index climbing to a three and a half month high.

Investors were cheered by a survey indicting that factory activity accelerated in July and with the release by the listed companies of peppy preliminary half-year profit reports.

The Shanghai Composite Index closed the day with a 0.60 percent gain to 3,292.64 points. Finance and Xiongan-themed shares were among the biggest climbers. New China Life Insurance Co Ltd shares increased by the 10 percent upside limit.