Fu Chenghao/Shanghai Daily news

Shanghai shares edged up yesterday when investors bought into some small caps as they hoped to benefit from these firms' state share sale programs.
The Shanghai Composite Index, which covers yuan-denominated A shares and foreign-currency B shares, inched up 0.33 percent to 1,188.85. The A-share Index added 0.33 percent to 1,249.30 while the B-share Index gained 0.49 percent to 67.68.
"The market now seems to focus more on the medium and small companies which are waiting for the start of their own share reform program," said Zhang Qi, an analyst at Haitong Securities Co.
"Though the index is approaching the psychologically important 1,200 level, the uptrend is still limited as turnover declined."
Beijing-based property developer CRED Holding Co surged to its daily trading limit to 2.40 yuan (29 US cents).
Technology firms Shanghai Jiao Da Nan Yang Co and Daheng New Epoch Technology Inc soared by the 10 percent daily cap.
Computer maker and software company Tsinghua Tongfang Co, the only pilot firm that had its share compensation package rejected by shareholders, jumped 3.81 percent to close at 12.00 yuan after its chairman said the firm will soon restart the program.
Fujian Qingshan Paper Industry Co finished 4.55 percent higher at 2.30 yuan and China Eastern Airlines Corp added 1.15 percent to 2.64 yuan.