Fu Chenghao/Shanghai Daily news

Shanghai shares rose yesterday amid bargain hunting with banks and pharmaceutical companies in demand, dealers said.
The Shanghai Composite Index, which covers yuan-denominated A shares and foreign-currency B shares, rose 0.47 percent to 1,141.32. The A-share Index gained 0.48 percent to 1,199.54 while the B-share Index dipped 0.04 percent to 64.05.
The Shenzhen Composite Index added 0.75 percent to 280.99.
Bank stocks remained in favor after Shenzhen Development Bank Co said it has signed a deal to raise US$100 million in a share placement with GE Consumer Finance. The lender surged its 10 percent daily limit to 6.34 yuan (78 US cents).
Also, China Construction Bank's Hong Kong initial public offering, which has attracted strong demand, was also a positive for the banking sector, analysts said.
China Merchants Bank Co, the country's largest listed lender, was up 0.47 percent to 6.45 yuan and Huaxia Bank Co added 1.61 percent to 4.42 yuan.
Drugmakers shone, led by Shanghai No. 1 Pharmacy Co which rallied to its daily cap to close at 4.29 yuan.
Shanghai Pharmaceutical Co surged 7.37 percent to 3.79 yuan and North China Pharmaceutical Co jumped 5.88 percent to 2.34 yuan. Southwest Pharmaceutical Co closed at 4.35 yuan, up 2.59 percent.
Bucking the trend, power generators were under pressure by earnings concerns after Inner Mongolia Mengdian Huaneng Thermal Power Corp said its third-quarter net profit dropped 56 percent.
China Yangtze Power Co lost 1.69 percent to 6.99 yuan and Sichuan Minjiang Hydropower Co fell 2.02 percent to 3.89 yuan.
Elsewhere, Jiangxi Copper Co fell 2.23 percent to 5.25 yuan despite posting a 32 percent net profit growth in the third quarter.
Shanghai Port Container Co lost 1.17 percent to 11.00 yuan after reporting a slight net profit growth for the quarter. Jinzhou Petrochemical Co, which posted a net loss of 182.45 million yuan for the quarter, fell 1.71 percent to 3.44 yuan.
"The country's economic figures released on Thursday didn't seem to have a big impact on the stock market," said Zhang Qi, an analyst at Haitong Securities Co.