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The authorities said further investigation was underway with the assistance from market inspection and management, audit, tax, banking and securities regulatory authorities.

The bank kept its allowance for loan impairment losses to nonperforming loans at 161.32 percent, well above the regulatory requirement of 150 percent.

The author is a Hong Kong media commentator and author. The views do not necessarily reflect those of China Daily.

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The balance of long-term equity and other investments accounted for 38 percent of total investments.

The bank's provision coverage ratio, a measure of funds set aside to cover bad loans, rose to 181.8 percent from 173.4 percent at the end of last year.

The authors believe the yuan will appreciate in the long-term given China's strong internal economic dynamics, huge growth potential and the country's adequate policy toolkit.

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The authorities must gather public opinion about the level of awareness of new policies and the level of satisfaction with the services being offered.

The baby boy now weighs 3.3 kilograms, compared with 790 grams when he was born on Nov 8, according to his doctor, Zhang Yong of Shanxi Children's Hospital.

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The banks will not ask enterprises for registrations beforehand any more in doing remittance refund businesses.

The average wholesale prices of 28 key types of vegetables and six different types of fruits tracked by the government edged down by 0.9 percent and 1.5 percent respectively.