Editorial Summary

The Shanghai Composite Index rose 0.62 percent to close at 5,233.4 on Wednesday, while the Shenzhen Composite Index increased 1.65 percent to close at 1,433.1. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached 122.9 billion Yuan and 62.8 billion Yuan, respectively.

Shares of China's largest container ship operator China Shipping Container Lines Company Limited (CSCL) (601866.SH; 2866.HK) rose 10.01 percent to close at 11.98 Yuan on the Shanghai Stock Exchange.

Baotou Aluminum (601400.SH) delisted its shares from the Shanghai Stock Exchange on Wednesday after its merger with Aluminum Corporation of China Limited (Chalco) (601600.SH; 2600.HK; NYSE:ACH), reports Economic Observer News. Chalco, the world's third largest aluminum producer, will exchange 1.48 Chalco shares for every Baotou Aluminum Shanghai-listed A-share. Chalco won the approval from the China Securities Regulatory Commission (CSRC) to take over Baotou Aluminum in mid-December. Chalco shares rose 2.46 percent to close at 39.98 Yuan in Shanghai on Wednesday.