Editorial Summary

The Shanghai Composite Index rose 0.56 percent to close at 3,347.9 on Wednesday, while the Shenzhen Composite Index slumped 3.71 percent to close at 980.3. Trading volume on the Shanghai and Shenzhen Stock Exchanges shrunk to RMB 86.4 billion and RMB 35.1 billion, respectively.

Shares of China Life Insurance (China Life) (601628.SH, 2628.HK, NYSE: LFC) rose 8.65 percent to close at RMB 30.4 in Shanghai on Wednesday.

Industrial and Commercial Bank of China (ICBC) (601398.SH, 1398.HK) will unlock 2.9 billion shares worth over RMB 17.3 billion on April 27, while Aluminum Corporation of China Limited (Chalco) (601600.SH, 2600.HK, NYSE:ACH) will unlock 2.5 billion shares worth RMB 46.9 on April 30, according to the China Securities Journal. Shares of ICBC and Chalco rose 3.33 percent and 0.53 percent to close at RMB 6.2 and RMB 18.89 on Wednesday in Shanghai, respectively.