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Analysts said creation of energy conglomerates is expected to help coordinate the coal and electricity markets and improve resource allocation to increase profits.

Anbang's risk settlement is nearing completion under the country's financial stability department, Pan Gongsheng, vice governor of the central bank, told a Monday briefing.

An order by California Governor Gavin Newsom, a Democrat, didn't specifically order gun stores to close, but the "non-essential" business clause was interpreted differently in various jurisdictions.

Analysts believe the central bank would prefer mid- to long-term policy tools over reverse repos, which boost liquidity in the banking system within a short period of time, as it faces a major task in reducing costs of long-term financing.

Analysts say heavy import tariff cut to boost premium car sales