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The average debt-to-asset ratio of China's central SOEs stood at 66.3 percent at the end of 2017, 0.4 percentage point lower than the beginning of the year, according to data from the State-owned Assets Supervision and Administration Commission (SASAC).

The benchmark Shanghai Composite Index jumped by 2.47 percent to end at 2815.11 points. The Shenzhen Component Index closed 2.80 percent higher at 9160.62 points. The ChiNext Index, which tracks China's growth enterprises board, gained 2.64 percent to close at 1581.93 points.

The biggest risk of fire arises in well-developed cities and in rural areas with less equipment, he said.

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The author is a senior staff writer of China Daily.

The ballet produced by John Neumeier was staged in Germany by Hamburg Ballet last year. [Photo by Kiran West/China Daily]

The bank now expects China's economy to expand by 6.7 percent in 2017, up from an April projection of 6.5 percent and, for 2018, 6.4 percent instead of 6.3 percent.

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The beds will serve recovering patients without a fever for more than 48 hours, who have no respiratory symptoms, need no oxygen support and show better blood test results, said Lau, who added that freed-up “first-tier” wards will be used for more urgent patients.

The authority stressed that online service providers should get proper authorization before they repost content from traditional media outlets and that their reposts should give clear information about the authors and sources of the content and not tamper with original headlines and meaning.

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The bill will be introduced into the LegCo for the first reading Wednesday.

The bank will become one of the fund's biggest investors, according to a statement.