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Angang Steel Company said its net profit would rise 236 percent year-on-year to 3.3 billion yuan (7.7 million) on the back of a recovering market demand and cost-efficiency moves.

An overhaul of the two sites was requested and their operators asked to deliver a written report on their rectification and improvement, the administration said. Further actions were pending.

Analysts said that Postal Savings Bank of China has a stable income and profit model, which mainly focus on interest margin growth. Its asset quality is relatively healthy.

Anhui has earmarked 10 million yuan (1.46 million U.S. dollars) in disaster relief funding and sent 370 tents, 12,000 quilts, clothes, food, bottled water and other supplies to flood-hit regions.

And this week, the Wall Street Journal reported Wolfsburg-based Volkswagen was close to a deal on autonomous driving with Ford, after the two groups agreed in January to build vans together.