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Chinese insurers grabbed headlines by using leveraged money to buy shares in listed companies, triggering sharp volatility in the market late last year.

According to guidelines issued by Chinese authorities in early 2014, officials are required to accept petitions in a face-to-face manner at intervals ranging from one day in six months for provincial-level officials and one day every week at township-level.

BEIJING, Aug. 22 (Xinhua) -- Supreme People's Procuratorate (SPP) has ordered Chinese prosecutors to target web-borne financial fraud, particularly pyramid schemes.

China and Britain need to seek common ground while shelving differences, and preserve the overall development of bilateral ties through concrete efforts to achieve more stable, rapid and sound development of bilateral relations, he added.

The 400-megawatt hydropower dam, situated in northern Cambodia's Stung Treng province, is a joint venture between China's Hydrolancang International Energy holding 51 percent of the stake, and Cambodia's Royal Group and Vietnamese EVN International Joint Stock Company possessing 39 percent and 10 percent, respectively.