Leo Zhang/Shanghai Daily news

Chinese markets yesterday rose led by blue chips such as China Petroleum & Chemical Corp after regulators said more state enterprises may start revamping management teams.
Companies involved in state-share structure overhauls as well as with rosy growth potential were snapped up by investors.
The Shanghai Composite Index, which tracks yuan-denominated A shares and foreign-currency B shares, was up 0.87 percent to 1,141.20.
The Shenzhen Composite Index, which tracks China's smaller stock bourse, advanced 1.12 percent to 281.17.
"Bringing in outside directors will improve transparency of corporate management," said Li Zhi, a Hualin Securities Co analyst. "Firms set to dispose of their state ownership were popular."
China Petroleum, Asia's largest oil refiner, was 0.52 percent higher at 3.88 yuan (48 US cents). Jiangxi Copper Co, China's biggest producer of the metal, rose 1.29 percent to 5.48 yuan.
More state-owned companies are expected to join in a nationwide program to optimize their management structures, Li Rongrong, director of China's top state-asset regulator, said late on Monday.
His comments came after Shanghai Baosteel Group Corp, the country's biggest steelmaker, appointed five external directors on its nine-member board.
Its listed unit Baoshan Iron & Steel Co closed 0.24 percent lower to 4.09 yuan yesterday amid profit taking.
Tiancheng Co of Taiyuan University of Technology, a Shanxi-based energy producer, edged up 0.11 percent to 9.50 yuan, extending a three-session 6 percent gain. The company said holders of tradable equity will receive 3.5 bonus shares for every 10 held.
Tiancheng's main businesses cover shifting coal to oil through chemical reactions and producing other alternative energy products. Analysts expect the firm to record substantial profit growth.
Xinxing Ductile Iron Pipes Co, in which Morgan Stanley, Merrill Lynch & Co and UBS AG hold a combined 5.26 million tradable shares, was up 0.42 percent to 7.24 yuan.
The company early this month increased its offer to 3 shares for every 10 held, up from 2.5 shares.