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An interpretation on Criminal Law provisions was released on Sunday, setting the rules for court trials regarding the crime of compelling prostitution.

An employee of a major domestic insurer, who sought to be identified only by his surname Li, said the company recently picked up a 49 percent stake in a long-term rental housing project from a property company. It also bought 40 percent of bonds issued by the developer. "In effect, we have an 89 percent stake in the project."

An initial investigation showed the explosion was caused by a ruptured pipe at the refinery. The petrochemical company had restarted its refining equipment early on Monday morning after annual maintenance when the blast happened, according to the firm.

An employee of Lin'an Rural Commercial Bank counts banknotes at the bank's branch in Hangzhou, capital of Zhejiang province, on Feb 25. [Photo by Hu Jianhuan For China Daily]

An 18-month expansion of the transaction period, compared with the previously released proposal, is a result based on solid statistics, and after collecting advice from financial institutions to ensure sufficient preparation and avoid market fluctuations, he said.