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As the debt-to-equity program is considered a significant and efficient method to tackle debt woes, China Shipbuilding Industry Corp, one of Chinese Navy's biggest contractors, converted debt into equity by offering eight investors stakes in two of its unlisted subsidiaries for an estimated 22 billion yuan (.27 billion) in August.

As the demand for sport and health talent is on the rise, the university is planning to introduce a new major to train professional health consultants, Gao says.

As this was the first large chocolate piece he made, Xu says he learned many things from how to color the chocolate to carving structures on it. He also used techniques from Chinese pastry-making to make the hunter look more real.

As to the number of listed companies on the main boards of the Shanghai, Shenzhen and Hong Kong stock markets, enterprises from the top 30 cities account for 69.7% of the country's total, among which 39.6% are located in the top three cities, namely Shanghai, Beijing and Shenzhen. In other words, the top 10% of the 298 cities are home to nearly 70% of all the Chinese companies listed on the main board.

As the Sino-US trade dispute rages, the flagship Hang Seng Index has dropped roughly 4.2 percent so far this year. A flotation on this scale would pull an enormous amount of money from the local market, which has already run into a rough patch amid the global sell-off, Chan said.