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The municipal government will also sign an agreement with Alibaba's financial affiliate Ant Financial to push forward the building of a "cash-free city" in Tianjin, where electronic payments will be used in areas such as transportation, medical care, education, and social security.

The move came after online education embraced huge unexpected opportunities, as schools from over 56 countries and regions including China have shut down temporarily, with millions of students studying at home due to the COVID-19 outbreak.

The move is intended to maintain reasonable and sufficient liquidity in the banking system, the central bank said.

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The move by the Medicare Fraud Strike Force involved "412 charged defendants across 41 federal districts, including 115 doctors, nurses and other licensed medical professionals," the DOJ stated.

The move is the first time Unigroup has disclosed the price of the Linxens deal, making it the biggest-ever overseas acquisition the Beijing-based company has made since it entered the semiconductor sector six years ago.

The move came after the city of Ningbo in east China's Zhejiang Province launched a sales promotion campaign with a raft of enterprises providing consumers with vouchers and coupons worth around 20 billion yuan.

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The move will further complete the supervision system of property insurance products and encourage product innovation, sources with the CBIRC said.

The nation has also seen a significant rise in the number of residents filing－and winning－lawsuits against government departments after the shake-up of the law.

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The move has drawn firm opposition from US businesses and lawmakers.

The ministry would carry out a safety inspection of buildings used for isolation and observation in key industries. If there is any security risk, the ministry would remind the local government to stop using the building and replace the personnel, according to Pei.