The remarkable growth in recoveries can partly be attributed to the company's embrace of advanced tech, including artificial intelligence, big data and cloud computing, according to the bank's senior executives.
The report attributed auto sales decline partly to the expiration of favorable purchase tax policies. China restored car purchase tax to 10 percent at the beginning of last year after setting it at 7.5 percent in 2017 and 5 percent in 2015 and 2016.
The reorganization of Baowu and Magang will not only increase their steel production, but will also pave the way for their development in leveraging each other's advantages, said Zhang.
The regulator is expected to publish its final guidelines as soon as the first quarter of 2019 and would begin taking applications from interested foreign insurers soon after that, they said.
The report also said that 19 percent of the respondents spent more than 1.5 hours online per day on average. Listening to music, playing games, chatting and searching for files were their main online activities.
The renovated roof consists of reliquary stupas of the successive Dalai Lamas, including the fifth Dalai Lama Ngakwang Losang Gyatso, the seventh Dalai Lama Kalsang Gyatso, the eighth Dalai Lama Jampal Gyatso, the ninth Dalai Lama Lungthok Gyatso, and the roof of the Avalokitesvara Temple.
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The regulations draft has been publicized on the CNIPA website, soliciting suggestions and opinions from the public until March 14.
The regulator's move comes close on the heels of the Cyberspace Administration of China reprimanding Ant Financial earlier over a default setting on its Alipay wallet, which granted its commercial partners access to users' credit records. Ant had the settings adjusted soon afterward.
The regulation, released under a decree signed by Premier Li Keqiang, will take effect on Jan 1, 2020.
The report also points out that while marriage and childbearing are still two main drivers for young Chinese in buying a home, high house prices and a growing preference to start a family later have led many couples to put off the big purchase.