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BEIJING -- The general offices of the Communist Party of China Central Committee and the State Council have jointly released a circular on improving the system of administrative adjudication and strengthening related work.

BEIJING -- Total assets of China Investment Corporation (CIC), the country's sovereign wealth fund (SWF), surpassed 0 billion as of August.The figure is more than triple the original capital of 9 billion when the fund was founded a decade ago. It has grown quickly to become the world's second-largest SWF, only after the Government Pension Fund of Norway, whose assets reached one trillion dollars last month.CIC has generated an annual return of 14.35 percent, with that from overseas investment at 5.51 percent."Compared with other financial institutions, our biggest advantage is that we are backed by the Chinese market," CIC's general manager Tu Guangshao said.By the end of 2016, almost half of CIC's overseas investment was in public equities, followed by alternative assets, fixed incomes, cash and others. Around two-thirds of the investment was externally managed.Tu said CIC's growth in the next 10 years will depend on its efforts to invest in China's economic transformation and push forward the global march."CIC will devote itself to serving as a bridge linking businesses and markets at home and abroad," Tu said.

BRICS groups Brazil, Russia, India, China and South Africa. BRIC, its predecessor, was first coined in 2001. The concept turned into a formal cooperation framework in 2006. The acronym changed to BRICS after South Africa joined the grouping in 2010.

BEIJING/LHASA - A 5.8-magnitude earthquake jolted Xaitongmoin county in Xigaze city, Southwest China's Tibet autonomous region, at 3:32 am Monday (Beijing Time), according to the China Earthquake Networks Center (CENC).

BEIJING — A spokesperson for the Hong Kong and Macao Affairs Office of the State Council expressed condolences and sympathy to the families of victims of a bus crash which killed six and injured 39 in Hong Kong Wednesday.