Dai Qian/Shanghai Daily news

Shanghai stocks fell yesterday as investors - who decided to take profit from weeks of rises - waited for another round of advances.
The Shanghai Composite Index, which tracks both yuan-dominated A shares and hard-currency B shares, dropped 1.52 percent to 1,202.87. The A-share index fell 1.52 percent to 1,263.59 while the B-share index shed 1.73 percent to 70.56.
The Shenzhen Composite Index, which tracks the smaller of China's two exchanges, dropped 1.98 percent to 2,985.3.
Big caps were the main losers yesterday. China Petroleum & Chemical Corp, Asia's top oil refiner and also known as Sinopec, and its subsidiaries fell. Sinopec dipped 0.22 percent to 4.6 yuan while Shanghai Petrochemical Co slipped 0.72 percent to 4.14 yuan and Qilu Petrochemical Corp lost 0.58 percent to 8.64 yuan.
Baoshan Iron & Steel Co, China's largest steelmaker, fell 1.98 percent to 3.96 yuan. Shanghai Pudong Development Bank dropped 3.36 percent to 10.07 yuan. China United Telecommunications Corp, the country's smaller mobile carrier, slid 2.46 percent to 2.77 yuan.
Retailers, however, bucked the trend as Wuhan Department Store Group Co Ltd, the top gainer, jumped 10.08 percent to 3.93 yuan (49 US cents), followed by Xi'an Jiefang Group Co Ltd which surged 10 percent to 6.05 yuan.
Chinese will celebrate the Spring Festival, which starts on January 29, as they spend in the runup to the holiday.
Meanwhile, China's capital market is approaching its best period in recent years on the back of rapid development, new policies and regulations, said China Securities News.
The newspaper also said that the country plans to finish the share reform, which unlocks the state shares of listed companies by the end of this year.
The State Council, China Cabinet, passed a regulation to raise the quality of listed companies in 2005 which made inspection and control of such firms an important priority this year.