China stocks close higher, new energy shares lead

Chinese shares closed higher on Tuesday, helped by a jump in the new energy sector as authorities renewed the push for new energy cars.

The benchmark Shanghai Composite Index went up 1.02 percent to finish at 2,075.48 points, and the Shenzhen Component Index gained 1.35 percent to close at 7,372.65 points.

The State Council on Monday issued a guideline that called for the charging facilities and technological standards for new energy vehicles.

The new policies are a followup to the Energy-Saving and New Energy Automobile Industry Development Layout (2012-2020) issued in 2012.

Boosted by the news, Ankai Automobile Co., Ltd, a producer of new energy coaches, jumped 8.32 percent to end the day at 5.6 yuan per share, and China Anhui Jianghuai Automobile Co. went up 5.09 percent to close at 12.18 yuan per share.

Non-ferrous metal shares also rose across the board. Zhongfu Industrial Company and Shandong Nanshan Aluminum Co. both rose by the daily limit of 10 percent to end the day at 4.47 yuan and 5.91 yuan per share, respectively.