Fu Chenghao/Shanghai Daily news

Shares in Shanghai tumbled yesterday after investors unloaded overvalued chips amid profit-taking in what one analyst called a correction.
The shanghai Composite Index, which tracks the yuan-denominated A shares and foreign-currency B shares, shed 3.76 percent to 1,148.04. The A-share Index lost 3.76 percent to 1,206.29 while the B-share Index dived 3.67 percent to 65.99.
Turnover rose to 22.16 billion yuan (US$2.73 billion) from 14.75 billion yuan in the previous session.
"The sharply increased trading value showed many institutional players had sold to take profit following rises in previous sessions," said Wang Xiaomin, a Xiangcai Securities Co analyst. "The market now is just correcting itself."
China petroleum & Chemical Corp, Asia's largest refiner, lost 3.96 percent to 4.36 yuan.
China united Telecommunications Corp, which controls the country's smaller mobile phone operator, declined 3.18 percent to 2.74 yuan.
The banking sector was not able to recover from a central bank's report on Monday warning that property developers may fail to repay their loans, analysts said.
China merchants Bank Co, the nation's biggest listed lender, lost 3.77 percent to close at 6.63 yuan while China Minsheng Banking Corp, the country's first privately held bank, plunged 4.50 percent to 5.31 yuan.