This photo shows an annoucement on State-share reform of a company in Shanghai on October 27, 2005. [newsphoto]

On November 8, 2005, sources with the Shanghai Stock Exchange said that 15 companies listed in the Shanghai bourse will officially enter the eighth batch of share reform list. China Shipping Development became the Shanghai bourse's first company with H shares to enter the State share reform, and Huaxin Cement is the first Shanghai-listed Mongolian company to carry out the share reform.