Dai Qian/Shanghai Daily news

Shanghai shares rose slightly yesterday amid investors' optimism over the faster pace of China's stock reform and expectation of a new mechanism to regulate the market.
The Shanghai Composite Index, which tracks both yuan-dominated A shares and hard-currency B shares, inched 0.38 percent up to close at 1,131.75. The A-share index added 0.4 percent to 1,190.38 and the B-share index lost 1.43 percent at 59.14.
Twenty-seven companies in the 14th batch, including China Merchants Bank and Shanghai Datun Energy Resources Co Ltd, released their plan yesterday to restructure their shares, with 16 of them listed on the Shanghai market.
So far, about 200 firms on the Shanghai and Shenzhen markets have finished unlocking their state shares. The 15th batch of companies to undergo the revamp will be announced later this week, said Shanghai Securities News.
"The government is trying to attract more money to stimulate the market by speeding up the restructuring of these firms," said Chen Qun, a West China Securities Co analyst.
The China Securities Regulatory Commission is studying a new mechanism to supervise the market over the next five years, said Gao Xiaozhen, a researcher at the commission, at a corporate development forum in Beijing on Sunday.
The top property gainer, Nanjing Chixia Development Co, jumped 9.63 percent to 8.2 yuan (US$1.01). Gemdale Corporation added 3.77 percent to 6.6 yuan.