Editorial Summary

The Shanghai Composite Index increased 0.72 percent to close at 3,116.977 on April 21, while the Shenzhen Composite Index fell 0.96 percent to close at 921.72. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 79.571 billion and RMB 36.122 billion, respectively.

Shares of Zhengzhou Coal Industry & Electric Power (600121.SH), China Petroleum & Chemical Corporation (Sinopec Corp) (600028.SH, 386.HK, NYSE: SNP) and Sinopec Shanghai Petrochemical Co., Ltd (SPC) (600688.SH, 0338.HK, NYSE: SHI) fell 10.03 percent, 4.99 percent and 4.94 percent, respectively, on Monday.

Ping An Insurance (601318.SH, 2318.HK) increased 3.17 percent to reach RMB 57.00, while China Life Insurance (China Life) (601628.SH, 2628.HK, NYSE: LFC) shares were up 1.33 percent to close at RMB 27.39.

China Securities Regulatory Commission (CSRC) announced a new regulation involving the trade of non-restricted shares on April 20. Under the new regulation, shareholders must trade on large transaction exchange systems for deals involving the sale of more than one percent of a company's non-restricted public shares within a one month period.