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Ant Financial, hailed as the mainland's biggest unicorn with an estimated valuation of more than billion, is considering going public in the mainland or Hong Kong.

Apart from compensation and incentives for replacing outdated capacity with clean and effective capacity, the authorities should adopt more proactive policies to help axed capacity make arrangements for staff deployment, assets and properties transactions, and debt handling, according to Wu Lixin, deputy director of the strategic planning research department at the China Coal Research Institute.

Any volunteering work undertaken by backpackers in bushfire-affected communities will now count as "specific work" towards securing second and third-year visas.

Apart from exploring a market-driven mechanism for the commercialization of scientific research achievements, the tech subsidiaries of these banks also aim to export fintech solutions to smaller banks and other financial institutions, according to China Minsheng Bank.

Apart from offering insurance coverage for families, the insurers planning to develop family accounts will also build a platform in providing such services as healthcare, parenting and elderly care through cooperation with external institutions.