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China announced a decision on Thursday to allow insurance asset managers to set up special products to invest in listed companies, as part of the measures taken by the authorities to mitigate the liquidity risks of listed companies which have borrowed money using shares as collateral.

China National Offshore Oil Corp had earlier reported its best profits since 2015, with net income reaching 25.47 billion yuan, a year-on-year increase of 56.78 percent.

China and Djibouti signed three cooperation documents covering such areas as the economy and technology, finance and agriculture on Thursday during Djiboutian President Ismail Omar Guelleh's state visit.

China Daily will use different forms of media to present a true, multi-dimensional China, promote inter-civilization exchanges and mutual learning, and make greater contributions to enhancing China's cultural soft power and the influence of China's national culture, he said.

China Southern Grid Electric Power Research Institute (SEPRI), the think tank under China Southern Power Grid, and the Saudi Electricity Co are inching closer to a deal on power system technologies focused on High Voltage Direct Current power transmission (HVDC), power grid operation, and smart grid.