Leo Zhang/Shanghai Daily news

Shanghai shares rose with key indexes reaching four-month highs after news reports said both overseas and domestic investors have been pouring capital into the stock market.
The Shanghai Composite Index, which covers yuan-denominated A shares and foreign-currency B shares, jumped 1.59 percent to 1,183.58, the highest since April 20.
The index has risen for five consecutive sessions. The A-share Index added 1.59 percent to 1,244.00 while the B-share Index surged 2.13 percent to 66.19.
"A five-year market slump has made some chips undervalued," said Liu Yu, an Orient Securities Co analyst. "Investors judged it's time to buy."
Overseas investors including UBS AG and Morgan Stanley bought a cumulative 131.6 million local-currency A shares from April to June, from 83.1 million shares in the first quarter, the China Securities Journal said yesterday.
Currently, 27 foreign investors are granted an investment limit of a combined US$4 billion by the government. The stock market watchdog said earlier it has sent a proposal to China's Cabinet to boost the quota to US$10 billion.
Insurers, mutual funds and welfare pensions have used a collective 30 billion yuan (US$3.7 billion) buying mainland stocks in the past three months, according to the Oriental Morning Post yesterday.