Chinese shares rebound moderately Wednesday

Chinese shares rebounded moderately on Wednesday after the central bank reportedly pumped 500 billion yuan (81.4 billion U.S dollars) of liquidity into five largest lenders through instrument called standing lending facility.

The benchmark Shanghai Composite Index bounced 0.49 percent to finish at 2,307.89 points.

The Shenzhen Component Index rose 0.77 percent to close at 7,981.82 points.