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The new weather system will be weaker than the previous one between Sunday and Wednesday, but secondary disasters such as mudslides may happen in the overlapping areas in Guangxi, Guizhou, Jiangxi and Zhejiang.

The new rules specify that when overseas institutions invest in Chinese commercial banks or rural financial organs, supervision and management on such organs should not be changed.

The new energy vehicle sector is changing at a pace that is faster than most expected, but Guangzhou-based carmaker GAC Group is adapting its efforts in a bid to innovate and lead the way, the company said.

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The new industry has helped the region improve its energy structure and shift away from traditional energy sources such as coal in recent years.

The new regulation requires non-financial companies or other eligible entities, which control at least two financial institutions doing business across financial sectors, to apply to and get approval from the People's Bank of China to establish financial holding companies.

The new plan was announced on Wednesday after the sprawling capital became the worst-hit city by the pandemic in India with 70,390 cases, exceeding Mumbai.

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The new index is called Bloomberg Barclays Liquid China Credit (LCC) Index, which uses a unique methodology that incorporates trading volumes of the China Foreign Exchange Trade System, among other criteria.

The new details emerged just a day before a gathering of international civil aviation authorities, who are to meet in Dallas, to discuss the situation around the 737 MAX planes on 29 April. On the same day, Boeing's CEO is set to hold a presser after a shareholder meeting.

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The national credit information database was launched in 2006, and is managed by the PBOC. It now covers information of 259.18 million enterprises and 990 million individuals, according to the central bank.

The new IMO model involves companies selling mining hardware to generate a particular cryptocurrency or token that can be rewarded to contributors. It became popular in October last year, after the country's financial regulators banned ICOs, as they believe they could spark financial risks.