Zhang Liuhao/Shanghai Daily news

Shares in Shanghai closed flat yesterday as investors waited for compensation proposals from companies chosen under the second round of a trial scheme to restructure non-tradable shares.
"Investors were not keen to buy or sell stocks at a time when none of the second batch companies has unveiled its compensation offer," said Wang Xiaomin, a Shanghai-based analyst with Xiangcai Securities Co Ltd.
The Shanghai Composite Index, which groups both yuan-denominated A shares and hard-currency B shares, added 0.05 percent to 1,102.03. The A-share Index inched up 0.06 percent to 1,157.35, while the B-share Index ended 0.43 percent lower at 66.21.
The trading value of the Shanghai market yesterday reached slightly over 6.1 billion yuan (US$735 million), the lowest in the last two weeks.
"The second stage of the trial program involves 42 listed companies, including several large-cap chips," Wang said. "So it also contributed to uncertainties in the market," especially when they have not mapped out their plans.
The industry regulator chose 42 firms traded on the Shanghai and Shenzhen bourses to join the second round of the pilot scheme to dispose majority state holdings last weekend.
Shares of the 42 companies were suspended from trading and will not resume until they unveil their plans on how to unlock the nontradable shares.