Zhang Liuhao/Shanghai Daily news

Shares in Shanghai rose yesterday on hopes that the central government will introduce more market-boosting measures when a top regulatory official will attend a news briefing on the current share reform on Monday.
The Shanghai Composite Index, which groups both yuan-denominated A shares and hard-currency B shares, advanced 0.75 percent to 1,101.88. The A-share Index also added 0.75 percent to 1,157.19, and the B-share Index edged up 0.7 percent to 66.19.
"Investors are betting that favorable moves to support the share conversion program are in the pipeline, as the pace of the reform has accelerated," said Zhang Qi, an analyst with Haitong Securities Co Ltd.
Shang Fulin, chairman of the China Securities Regulatory Commission, will attend a press conference held by the State Council, the Cabinet, in Beijing on Monday, where he will offer an insight into the progress of the trial program to dispose non-tradable shares in listed companies.
"The share reform is the primary task for the country's securities industry at present. Investors believe that the regulator will give more support to ensure the smooth progress of it," Zhang added.
One of the firms involved in the program, Jilin Aodong Medicine Industry Groups Co, a traditional Chinese medicine maker, announced its compensation offer for tradable shareholders yesterday.