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Because Chinese yuan cannot be used in Macao casinos, Shen transferred large sums into Zhong's bank account ahead of every visit Shen made to Macao for gambling purposes, police said. The money was exchanged for Hong Kong dollars or other foreign currency by others involved in the scheme via a secret bank, and then sent to Shen once he arrived in Macao, the police said.

BYD Co Ltd signs a contract for 500 electric dump trucks for construction companies in Shenzhen, Guangdong province, May 8, 2018. [Photo provided to chinadaily.com.cn]

Bai Zhili, an analyst with the Institute of State Governance Studies at Peking University, said the new guideline is part of efforts by authorities to improve administrative services and enable better policymaking.

Bank valuations have been relatively low despite better results by several Chinese banks this year as against the previous two years. It shows that the stock market is more concerned about the potential financial risks in the next few years, Zeng said.

Based on the responses of 625 questionnaires jointly issued by Fudan University's National Center for Cultural Innovation Research and the communication and data science laboratory, the report states that nearly 90 percent of the respondents are familiar with driverless cars, with over 67 percent having access to both positive and negative information on cars. About 62 percent of the respondents said they were willing to ride in driverless cars.