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As part of a package of changes released on Thursday, the ministry said that the proportion of banks' loan loss reserves to be compared with the bad loans－called the provision coverage ratio－should not be higher than 300 percent of those loans.

As of June, the number of mobile internet user has reached 723.61 million, increasing from 419.97 million in 2012. In 2015, the number of apps installed on mobile phones on average was 38, and in big cities this figure was as high as 46, far ahead of 33 in the US and world's average of 26.

As of June 2017, there were 3.89 billion internet users around the world, of which 751 million were in China, the most of any country worldwide, said the reports.

As it is the peak tourism season in Hainan, local authorities have warned tourists to heed the latest forecasts and warnings and to be aware of personal safety at scenic spots.

As of press time, the firm's stock price remained at a 10 percent surge to 10.45 yuan per share.