The Shanghai Composite Index inched up 1.49% to close at 2,618.17, while the Shenzhen Composite Index grew 2.63% to close at 872.19 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 113.54 billion and RMB 59.04 billion, respectively.

Investment in real estate development hit RMB 729 billion in the first four months of 2009, up 4.9% year-on-year, according to data released May 12 by China's National Bureau of Statistics.
Shares of Chengdu Hi-Tech Development Co. Ltd (000628.SZ) closed 10.03% higher, Gemdale Corporation (600383.SH) rose 9.98%, Jingneng Property Co. Ltd (600791.SH) climbed 9.97% and Vanke (000002.SZ, 200002.SZ) grew 6.73%.

Shares in Gansu JISCO Hongxing Iron & Steel Co. Ltd (600307.SH) soared 10.05%, Tanggang Iron & Steel Co. Ltd (000709.SZ) jumped 9.98% and Xining Special Steel Co. Ltd (600117.SH) lifted 5.94%.