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The guideline defines illegal fundraising based on State financial management laws and regulations issued by financial departments such as the People's Bank of China and China Securities Regulatory Commission. It provides a legal reference for authorities to distinguish illegal fundraising from digital finance innovation on peer-to-peer lending platforms, he said.

The group plans to have about 700 to 800 mid-end and high-end hotels in its portfolio by the end of the year. Sales revenue from those hotels is predicted to represent more than 30 percent of the group's total revenue, the company said.

The harsh curbs reflect Chinese government’s determination to step up housing system reform and foster a long-term market mechanism as the top authorities have constantly reiterated that "houses are built for living in, not speculation".

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The homes of herdsmen are remote, with long distances in between. Usually unreachable by any sort of modern transportation, the outsiders may walk many kilometers to connect with a resident.

The group now has more than 20 branches in foreign countries, having bought majority stakes of three US game developers.

The guideline follows China's top-level policy on talent recruitment.

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The government will support sales of green and smart home appliances, and local authorities will mull plans to offer consumer subsidies for such products.

The group also plans to set up a research center in Europe and a joint research facility in Akron, Ohio, which is seen as the "Silicon Valley" of the rubber industry, said Fu Shoujie, chairman of Vanlead.

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The guideline also calls for stronger supervision over key procedures in controlling the epidemic. Violators who fail to report and handle issues properly will be held accountable and investigated. Individuals and institutions who have made great contributions to safeguarding the industry will be awarded.

The highly productive relationship between Rolls-Royce and CRRC goes back many years and has seen the world's largest rolling stock manufacturer's order around 500 MTU Series 4000 engines for locomotives used by customers in New Zealand, Argentina and South Africa.