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Securities Daily said Jia and his Leshi Holding have repaid a debt of around 20 billion yuan since the end of last year, of which 16 billion yuan was owed to financial institutions and the rest to suppliers.

Securitization is the financial practice of pooling various types of contractual debt, such as mortgages, and selling their related cash flows to third party investors as securities.

Service consumption reported rapid growth. Appointments of health services like medical cosmetics and physical examinations saw a five-fold surge while online travel sales more than doubled.

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Securitization accounted for 4.6 percent of the total debt capital market new issuance for the Chinese economy in 2018, up from 3.7 percent in 2017, said Gracie Zhou, a Moody's vice-president and senior analyst.

Senior managers are likely to take home the most money among varied positions, with average employees likely to earn 20,088 yuan per month.

Search-and-rescue crews drilled holes into the debris and used dogs to look for survivors. They had to work carefully because part of the structure was still unsafe. At least 10 people were taken to hospitals. The number of fatalities was not immediately known.

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Secretary for Justice Teresa Cheng Yeuk-wah. [Photo/Xinhua]

Set up in 2015, the company has already become one of the leading players in the industry.

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Seoul and Pyongyang agreed to hold working-level dialogues on those issues during the senior-level, inter-Korean talks held on June 1.

Second, we need to work for an open world economy. The momentum of world economic recovery has not come easily. An important experience we have drawn was that we strengthened policy coordination and embraced openness and cooperation in addressing the global financial crisis, which enabled us to avoid a repeat of the 20th-century Great Depression. Nevertheless, for recovery to evolve into sustainable growth, it would still require us to uphold the spirit of partnership, remain oriented to openness and development, promote trade and investment liberalization and facilitation, and make global division of labor more cooperative, balanced and beneficial to all. Adopting protectionist measures or provoking trade frictions cannot help any country to overcome its development bottlenecks. They will only exacerbate volatility in global markets and affect the well-being of all people and the prospect of world peace and development.