China's stocks edge down Tuesday amid cautious sentiment (2)

China Vanke Co., the nation's biggest listed property developer, edged down 0.69 percent to 8.61 yuan per share, while Poly Real Estate Group Co., the country's second-largest developer by market value, moved down 1.28 percent to 11.6 yuan per share.

Bucking the trend, shares related to shale gas exploration experienced a boost from the government's latest decision to subsidize shale gas explorers in a bid to optimize the country's energy structure.

The Ministry of Finance announced Monday in an online statement that a subsidy of 0.4 yuan (6.3 cents) will be offered for every cubic meter of shale gas developed by enterprises during the 2012-2015 period.

Boosted by the news, Datang Huyin Electric Power, Ltd surged 9.97 percent to end the day at 3.31 yuan per share, while Oriental Energy rose 3.23 percent to 11.19 yuan.

Recommended Features: [Special]'Made in China' Revisited From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance The Vision of A Pillar Industry China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits IPR in China: Causes for the Thriving Cause Caofeidian coal wharf put into use Canton Fair wraps up on Sunday