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GUANGZHOU -- Coast guard authority in South China's Guangdong province have busted a case involving smuggling of the precious metal palladium, nabbing four suspects.

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Gao said that CDRs could be enforced in two possible ways, either by an offering or a listing facility. The former way would allow overseas-listed companies to refinance by issuing new shares to onshore investors while the latter issues no additional shares and acts as an onshore trading derivative, backed by overseas-listed shares.

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Further tax and fee cuts will be made for logistics-related businesses. Insurance companies will be encouraged to lower or exempt premiums for commercial vehicles, ships and aircraft whose operations are suspended during the outbreak. That can be done through extension of the insurance period or deduction of policy renewal fees.

FunPlus Phoenix (FPX) jungler Gao Tianliang competes against Topsports Gaming in their Third Place Match of the LPL Spring Playoffs 2019 in Hangzhou city, East China's Zhejiang province, on April 17, 2019. [Photo/IC]

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Gao estimates some billion could be channeled into A-shares in the long run, which is about 25 percent of A-shares' daily transaction volume.

Further encouraging external investors to use the RMB to buy bonds and shares in the mainland, has been listed on the financial regulator's to-do list in the context of deepening internationalization of the Chinese currency, according to the central bank.

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Gao Ming, senior vice-president and managing director for luxury practice in China at Ruder Finn Group, said travel retail or duty-free businesses are in line with the long-term development of luxury brands worldwide, despite the severe effect on the sector of the pandemic this year.

Gadani ship-breaking yard is notorious for its unsafe working conditions and such incidents often happens there.