Zhang Liuhao/Shanghai Daily news

Shares in Shanghai continued to fall yesterday led by CITIC Securities Co, as investors' dissatisfaction with many trial companies' compensation proposals sank market confidence despite the country's ongoing share structure reform.
The Shanghai Composite Index, which groups both yuan-denominated A shares and hard-currency B shares, slipped 0.53 percent to 1,033.55.
The A-share Index shed 0.53 percent to 1,085.35. The B-share Index ended 0.87 percent lower to 62.49.
"The slump of CITIC cast a blow to investors' sentiment again, after the index had seen six consecutive days of losses," said Wang Xingjun, a Donghai Securities Co  analyst.
Yesterday was the seventh straight losing session for local shares.
CITIC, the country's biggest publicly traded securities firm, dived 9.97 percent to 5.33 yuan (64 US cents).
The brokerage resumed trading yesterday after it released its compensation plan on Tuesday. Owners of its tradable shares will receive 3.2 shares for every 10 equity holdings.
The company was suspended from trading for more than two weeks when the government picked 42 companies to test the second round of the reform in the middle of last month.
The second batch of firms involved Baoshan Iron and Steel Co, China Yangtze Power Co and CITIC.