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Chinese share prices shot up by 2.46 percent on Thursday with the benchmark Shanghai Composite Index closed at a new record high of 5,913.23 points on back of the bullish run of energy and banking shares.

It's the fourth straight day for the index to rise this week following the weeklong National Day holidays.

The Shenzhen Component Index on the smaller market, however, registered a timid increase of 0.43 percent, or 80.11 points, to end the day at 19,344.16 points.

The combined turnover on the two bourses was maintained at a high level, hitting 255.1 billion yuan (US$34 billion).