THE pending listings continue to cast a cloud over Shanghai's B-share index, with turnover just US$5 million, and little movement.
The Credit Lyonnais B index lost just 0.04 per cent, to close at 864.41 per cent. The A-share index gained 160.55 points, or 4.75 per cent, to close at 3,541.94.
'Mayor Huang Ju's visit was seen as a symbol that the central government hadn't forgotten its commitments to help the exchange,' said Paul Vibert, head of research at Baring Securities' China office.
The mayor is a member of China's politburo, making him one of the most powerful city leaders in China.
'Tomorrow everyone is expecting a strong debut for Shanghai Posts and Telecommunications, which looks likely to be one of the best issues of the year,' said Newman Mou, trader at Smith New Court in Hong Kong.
Mr Mou said the grey market price, the value existing shareholders agree in advance to sell their shares, was already 65 cents, compared to the issue price of 39.6 cents.