Fu Chenghao/Shanghai Daily news

Shares in China rose yesterday, led by Datang Telecom Technology Co and other telco-related stocks on a remark by a vice minister that it's time to issue third-generation licenses in the country.
The Shanghai Composite Index, which covers yuan-denominated A shares and foreign-currency B shares, gained 0.41 percent to 1,136.34. The A-share Index grew 0.41 percent to 1,195.25 while the B-share Index added 0.07 percent to 59.18.
The Shenzhen Composite Index, which tracks China's smaller bourse, added 0.19 percent to 273.44.
Xi Guohua, vice minister for information industry, was quoted by Xinhua news agency as saying that there would be a huge waste for consumers and operators if the licenses are not issued soon in a country where 5 million new subscribers are added monthly.
The 3G technology allows faster transmission of voice and data.
Datang Telecom, a major developer of TD-CDMA, China's home-grown 3G standard, surged 8.86 percent to close at 7.74 yuan (96 US cents).
Other telco-related counters also rose with Nanjing Panda Electronics Co jumping 6.16 percent to 4.65 yuan and Gohigh Data Networks Technology Co soaring 6.00 percent at 5.48 yuan.
China United Telecommunications Corp, the smaller of the two national mobile carriers, rose 1.45 percent to 2.80 yuan.
Lenders were also sought after, with Shanghai Pudong Development Bank Co climbing 2.80 percent and China Minsheng Banking Corp rising 2.46 percent.
"But a strong upward momentum is still lacking in the market under a thin turnover,"said Lin Xuenong, a Huaxia Securities Co analyst. "The index may move within a narrow range over coming days."
China Railway Erju Co ended 1.16 percent higher at 3.50 yuan after saying it had won several construction deals worth more than 1 billion yuan so far this month.