Fu Chenghao/Shanghai Daily news

Share prices in Shanghai edged down yesterday after breaching the half-year moving average of 1,114. The decline, however, was offset by the G counters, or stocks that have completed their state-share sale program.
The shanghai Composite Index, which covers yuan-denominated A shares and foreign-currency B shares, dipped 0.18 percent to 1,108.15. The A-share Index fell 0.18 percent to 1,164.81 while the B-share Index rose 0.30 percent to 61.56.
The shenzhen Composite Index that tracks the country's smaller bourse fell 0.27 percent to 271.04.
"Most G shares, including small caps, were snapped up as there's a tendency that investors will only be interested in the post-disposal stocks," said Chen Qun, an analyst at West China Securities Co.
Both hangzhou Handsome Electronics Co and Guizhou Space Appliance Co rallied to their daily trading cap of 10 percent yesterday, and Shenyang Jinshan Thermoelectric Co, which just completed its government holding disposal, finished at 6.01 yuan (74 US cents), a surge of 7.32 percent.
"However, there's still weak sentiment in the market because of investors' worries over possible new initial public offerings in the near future and the absence of strong incentives from the policy side," Chen added.
China yangtze Power Co, which owns the world's largest hydropower project, tumbled 1.68 percent to 7.03 yuan. The decline somewhat balanced gains from big cap China Petroleum & Chemical Corp which added 0.73 percent and led the market's uptrend during the morning session.
The country's second largest mobile phone operator, China United Telecommunications Corp, declined 1.15 percent to close trading at 2.59 yuan while Shanghai Automotive Co, the listed arm of China's biggest carmaker, finished 1.24 percent lower at 3.18 yuan.
Elsewhere, drugmakers remained a strong buy over continued bird influenza concerns with Shanghai Pharmaceutical Co surging 3.54 percent.