Post edited 7:43 am – December 17, 2009 by FengchuI

Original Source: (online.wsj.com) –China shares ended lower Wednesday for the second straight session, as liquidity tightened on a slew of initial public offerings and concerns over measures aimed at cooling the property market.

Analysts said they expect the Shanghai index to remain in a range of 3200-3300 this week, because buying interest is usually thin at the end of the year.

The benchmark Shanghai Composite Index, which tracks both A and B shares, ended down 0.6%, or 19.25 points, at 3255.21.

The Shenzhen Composite Index fell 1.1%, or 12.88 points, to 1201.97.

“There's not a lot of cash in the markets right now because it's the end of the year, and the slew of imminent IPOs isn't lifting sentiment either,” said Haitong Securities analyst Zhang Qi.

China's securities regulator aims to cool the domestic stock market and approved 20 IPOs scheduled for this week and last week, the largest number in any two-week period since it lifted a nine-month IPO moratorium in June.

China Shipbuilding Industry had a weaker-than-expected debut in Shanghai Wednesday, rising 12.5% to CNY8.30 amid signs that demand for new listings is waning due to high valuations and rising supply.

The company's debut pales in comparison with some of China's main-board listings earlier in the year, which surged from 40% to more than triple the IPO price on the first day of trading.

 -By Michelle Ng, Dow Jones Newswires; 86-21-6120-1200; michelle.ng@dowjones.com and (Wynne Wang in Shanghai contributed to this article)

At least there is hope for China's economy than other state. Let's just hope for the best!