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As China's oil and gas giants further speed up company-level reforms, insiders believe the Chinese government is also likely to release its reform plan for the sector by the end of the second quarter or June 30, to further open up the country's energy markets.

Around 3.7 billion yuan in loans have been issued to 8,610 households in Wenzhou's Ouhai district, and the bad loan ratio is only 0.12 percent, according to Pan.

Around 2,700 personnel are battling the blaze on the scene, aided by more than 200 engines, 14 helicopters, 5 masticators and 33 dozers. The blaze has claimed two firefighters' lives and injured nine others in the past weeks.

As Chen explained, one of the major reasons for launching Metro's own brands in China is to optimize the group's profits in the country. Also, Metro's own brands offer savings of up to 30 percent compared with other branded products, so consumers can find bargains in their stores.

Approximately 70 percent of the value of special-purpose bonds issued in January-August were "Project Income Debts", whose principle and interest are repaid only by income generated by the projects, according to the report from Guotai Junan Securities.