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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 17 out of 19 products of Greenwoods Asset Management suffered losses. One fund product managed by the company's founder Jiang Jinzhi even had a 17.2 percent loss.

Andreetta said most tourists surveyed who traveled to China for winter vacations came from nearby countries such as Malaysia, Thailand and South Korea. Most of them were affluent millennials who spend the majority of their leisure time skiing and snowboarding.

Analysts at Industrial Futures Co Ltd said in a research note that Monday's listing is an indication that China's financial derivative market has entered a new stage and investors could obtain more risk hedging tools and risk management services which will substantially boost their long-term confidence in the nation's stock markets.

An online shopper uses the Pinduoduo app on his smartphone in Ji'nan city, East China's Shandong province, on June 28, 2018. [Photo/IC]