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Assets under management in Chinese gold-backed ETFs reached a record high of 17 billion yuan (.42 billion), or equivalent to about 50 metric tons in the third quarter, becoming the major impetus of the growth of Asian-listed funds during this period, World Gold Council China managing director Wang Lixin said.

At noon on Nov 18, Yu Huan went home, had a shower and a haircut and donned a new set of clothes as part of a ritual to mark his fresh start in life.

At about 7 am on Saturday, a northbound bus carrying 69 people broke through the barrier separating the northbound and southbound lanes and drove into the opposite lane, colliding with a southbound truck carrying three people.

At least 15 startups in China have joined in the competition for the growing domestic power bank rental services, among which three companies have landed a Series A round of funding worth hundreds of million yuan, reports the Beijing News.

Ascott, which operates serviced residences internationally, will expand faster in China. It will manage 20,000 serviced apartments this year, three years ahead of schedule, the company's top management said.