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BEIJING, Aug. 5 (Xinhua) -- China's securities regulator on Sunday issued a draft regulation for listed companies that offer shares to their employees, a move aiming to make more staff benefit from stock ownership.

Rainstorms and rain-triggered mudslides have destroyed 512 houses and damaged at least 600 others. Over 180,000 local residents have been forced to relocate.

Authorities have discharged some water from mid- and large-sized reservoirs along the Yangtze River, including the Three Gorges Reservoir, to prepare them for storing floodwaters, according to the report.

China has targeted an annual rise of around 10 percent in foreign trade this year, compared to 22.5 percent last year.

Only three out of the 39 people on board the bus survived, but they all suffered injuries. The driver of the bus also died, police said.