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The authorities' determination is undoubtable, however, supervisory tightening could face challenges in the short term.

The bank said in an announcement on Tuesday it enhanced the pricing management for loans and continued optimizing the structure of credit assets, which resulted in an increase in the average yield of loans. In the meantime, yields of non-restructuring-related debt securities and amounts due from banks and other financial institutions increased due to various factors including tightening liquidity in the market. These factors led to the increase in net interest margin.

The benchmark Shanghai Composite Index slumped 3.72 percent to close at 2716.51 points on Monday, while the Shenzhen Component Index went down 4.05 percent to 8060.83 points.

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The bill, which will be effective for a period of up to two years, is a revision of an existing law on novel influenza and has been made applicable to COVID-19.

The average household consumption expenditure nationwide in the first half of this year was 9,609 yuan, up 6.7 percent year-on-year, the data shows.

The association was upbeat about the outlook at the beginning of this year. However, the rapid growth seen in 2017 is now over, with demand growing at a significantly slower pace this year.

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The billionaire entrepreneur also outlined plans for what he calls “The Great Inversion.” Bezos believes humanity’s energy needs will?extend beyond what the Earth can support. He envisions a future where Earth is preserved as a habitat for humanity and manufacturing is done in space.

The authorities also decided to cut some pension contributions and insurance fees to help companies affected by the COVID-19 outbreak, especially SMEs. They also called on financial institutions to make interest rate concessions to brick-and-mortar businesses, limit loan interests rates, and reduce financing costs for SMEs.

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The bank's non-performing loan ratio came in at 1.47 percent, down 0.02 percentage points from the end of 2018.

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