Fu Chenghao/Shanghai Daily news

Shares in China closed at its highest in more than two months yesterday as more firms joined the state-share reform as the year end approaches. G counters - those which have completed unlocking government holdings - led the gain.
The Shanghai Composite Index, which groups yuan-denominated A shares and foreign-currency B shares, rose 0.85 percent to 1,144.87. The A-share Index grew 0.84 percent to 1,204.06 while the B-share Index added 1.41 percent to 60.43.
The Shenzhen Composite Index, which tracks China's smaller bourse, ended up 0.98 percent at 275.85.
Yesterday, 38 companies on the two exchanges, including Shanghai Dragon Corp and Tsinghua Tongfang Co, announced they would be the last batch of firms to join the nontradable share program this year. On Monday, 27 companies joined the program.
"G counters are increasingly in favor with investors," said Chen Qun, a West China Securities Co analyst. "The index should be able to maintain the level till the end of the year."
The Shanghai Stock Exchange announced this week that it plans to launch a new index to track companies that have completed their nontradable-share reforms at the beginning of next year.
Shanghai Automotive Co, the listed arm of the country's biggest carmaker, closed at 3.30 yuan for a rise of 0.92 percent. Shenergy Co, the main power generator in Shanghai, surged 3.15 percent to 5.57 yuan (69 US cents) while COSCO Shipping Co sailed 3.35 percent forward to 6.48 yuan.