Zhang Liuhao/Shanghai Daily news

Shares in Shanghai fell yesterday paced by auto stocks after a media report said national auto prices declined last month.
The Shanghai Composite Index, which tracks both yuan-denominated A shares and hard-currency B shares, slid 0.64 percent to 1,011.5. The A-share Index shed 0.62 percent to 1,062.45, and the B-share Index tumbled 1.74 percent to close at 59.88.
In June, the prices of home-made autos dropped 0.07 percent from a month earlier, and also 0.5 percent lower from the start of the year, China Securities Journal said, citing the National Development and Reform Commission, the nation's top planning body.
Sedan prices saw a bigger decline, down 0.27 percent from May.
"Investors are bearish on automakers, steelmakers and some other industries and this is casting a dark shadow over the market, although the regulator introduced a series of market-boosting measures on Sunday," said Chen Yongchao, an analyst with Jintong Securities Co Ltd.
Shanghai Automotive Co, the country's largest carmaker, plunged 2.01 percent to 4.39 yuan (53 US cents). The auto maker last week predicted a more than 50-percent decline in its profit for the first half of the year, due to high raw material costs and low prices brought by competition.
China will increase the QFII (qualified foreign institutional investor) quota to US$10 billion.