Fu Chenghao/Shanghai Daily news

Share prices on the Chinese mainland's markets fell yesterday led by coal producers on oversupply concerns next year and bank counters hit by a scandal in a Pudong lender.
The shanghai Composite Index, which tracks yuan-denominated A shares and foreign-currency B shares, shed 0.86 percent to 1,095.27. The A-share Index dropped 0.87 percent to 1,151.42 while the B-share Index eased 0.36 percent to 60.13.
The shenzhen Composite Index that tracks the country's smaller bourse eased 0.75 percent to 267.44.
Coal prices in the country will probably decline next year as a result of an increasing glut, the China Business News reported yesterday, citing an unnamed official at the National Development and Reform Commission.
Yanzhou coal Mining Co, the country's largest coal producer, shrank 1.82 percent to 5.40 yuan (67 US cents). Zhengzhou Coal Industry & Electric Power Co plummeted 2.60 percent to close trading at 2.26 yuan while Guizhou Panjiang Refined Coal Co finished at 3.57 yuan, down 0.83 percent.
Meanwhile, Shanghai Pudong Development Co tumbled 3.98 percent to close at  8.20 yuan after Beijing Times reported that Yu Tianlai, an executive at one of the lender's branches in the capital, faces a lawsuit for allegedly embezzling 82 million yuan (US$10.1 million).
"The news did raise concern over corporate governance of domestic lenders," said Chen Qun, a West China Securities Co analyst.
Other lenders also dropped with China Merchants Bank Co down 1.11 percent at 6.22 yuan and Huaxia Bank Co diving 2.33 percent to 4.19 yuan. China Minsheng Banking Corp, the country's first privately-owned lender, lost 2.72 percent to 3.58 yuan.
Elsewhere, Minmetals Development Co plunged 1.58 percent to 5.59 yuan after news reports said its parent, the country's biggest metals trader, was involved in an antitrust case in the United States.
Bucking the trend, China Petroleum & Chemical Corp edged up 0.75 percent to 4.05 yuan after its Hong Kong-listed unit, Sinopec Zhenhai Refining & Chemical Co, suspended trading pending a privatization announcement.