The Shanghai Composite Index closed up 0.26 percent at 3,720.532 points on Tuesday but came off a record intra-day high of 3,762.388.

Turnover in Shanghai A shares expanded to a record 202.7 billion yuan from Monday's 182.1 billion yuan, exceeding the previous all-time high turnover of 186.7 billion hit last Thursday.

(For more biz stories, please visit Industry Updates)