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The South Korean retailer is in negotiations with potential Chinese buyers to sell 20-30 of its loss-making stores. At present, 90 percent of its 74 hypermarkets are no longer in operation, according to Aju Business Daily.

The T+0 settlement was briefly adopted in the A-share market in the early 1990s. The Shanghai bourse first introduced the mechanism on Dec 24, 1992, when the Shanghai Composite Index jumped 3.63 percent. By Feb 16, 1993, the benchmark index spiked more than 100 percent in 36 trading days, reaching 1,558 points. The Shenzhen Stock Exchange started the T+0 settlement in November 1993 and the Shenzhen Component Index surged by 7.88 percent during the month.

The State Council, China's Cabinet, issued an action plan earlier this year, ordering the country's major SOEs supervised by the central government, excluding financial and cultural enterprises, to complete corporate reforms by the end of 2017.

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The State Council, China's Cabinet, unveiled a guideline on Nov 27 for developing the "industrial internet", the integration of industry and the internet.

The Shanghai Financial Court has set up a team of judges to deal with possible lawsuits related to the newly launched science-technology innovation board.

The Tencent Charity Foundation announced a donation of 300 million yuan to set up the first phase of a new pneumonia prevention and control fund. The donation will be mainly used for front-line prevention of the disease in Wuhan and other places, including the purchase of materials such as masks, disinfectants, goggles, and help for front-line medical staff.

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The Supreme Court this week rejected a charge of inciting hate for his making racist comments. The court is still weighing whether he should be tried for inciting rape for telling a congresswoman the floor of the house of deputies that he "would not rape her because she did not deserve it."

The State Council assigned the tasks of cutting costs and raising efficiency to various central government departments, provincial-level governments and China Railway.

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The Summer Palace, together with Beihai Park and Yuyuantan Park were among the most popular destinations for skiing and skating.

The Trump White House expressed cautious optimism over the outcome of the historic inter-Korean summit on Friday, saying "good things are happening" on the peninsula, while warning that its pressure campaign will continue unabated.