SHANGHAI, CHINA - Chinese shares closed up 1.22 percent on Tuesday, amid expectations that banks will continue to ramp up lending to support the economy, dealers said.

The Shanghai Composite Index, which covers both A and B shares, was up 37.58 points to 3,114.23 on turnover of 170.3 billion yuan (S$34.9 billion).

The Shanghai A-share index added 39.42 points, or 1.22 percent, to 3,268.12 on turnover of 169.9 billion yuan, while the Shenzhen A-share index gained 19.72 points, or 1.73 percent, to 1,160.09 on turnover of 119.0 billion yuan.