Leo Zhang/Shanghai Daily news

Shanghai shares rose after three mainland-listed companies improved their compensation packages to minority investors in an attempt to dump state ownership.
The Shanghai Composite Index, which tracks yuan-denominated A shares and foreign-currency B shares, increased 1.59 percent to 1,089.91.
The A-share Index gained 1.57 percent to 1,145.84, while the B-share Index added 3.90 percent to close at 59.47.
"The sweetened offers made it more likely the companies' plans could gain support of public shareholders," said Lu Chengde, a Guosen Securities Co analyst. "It made investors take a better look at the share-structure reform."
Shanghai Port Container Co, a unit of China's biggest port, advanced 2.97 percent to 16.62 yuan (US$2.10).
The firm said in a statement that major shareholders will offer owners of tradable equity 2.2 shares for every 10 stocks held, up from 1.5 shares.
Jiangxi Changli Automobile Spring Co and SGIS Songshan Co, a Guangdong-based steelmaker, both said investors will receive 3.5 shares, up from 3 stocks.
Changli's shares surged 9.73 percent to 3.72 yuan in Shanghai while Songshan's Shenzhen-listed shares were up 6.74 percent to 4.12 yuan.
The trio are among 46 firms picked by the government to conduct trial sales of state holdings in listed firms.