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Tens of thousands of people have been summoned to stand guard to stop flood waters breaching dikes in Jingzhou city, Hubei province. Authorities declared more than 620 kms of river banks as risky along the Yangtze and its tributaries in the city.

Hong Kong-listed China Pacific Insurance plummeted 10.04 percent on news that private equity firm Carlyle Group is raising up to 737 million U.S. dollars by selling 220 million shares.

According to a guideline published earlier in June by the State Council, or Cabinet, the pilot program plans to wipe out the existing financing mechanism of Chinese hospitals relying heavily on medicine sales while their services are undervalued.

The two powers will announce plans to work together on humanitarian disaster relief and wildlife protection, said Campbell.

Southwest China's Yunnan Province has also reported four food poisoning incidents in schools since the end of March.