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Anhui Yucheng and Yucheng Global, operators of online P2P lender Ezubao, and 10 company executives, including Yucheng chairman Ding Ning, were charged with fundraising fraud, according to the No 1 Intermediate People's Court in Beijing.

Anhui's desire to encourage innovation is also mirrored in its tolerance of risk. Liu, who returned from Harvard, said that when he decided to set up Precedo－a startup focusing on cancer cell research－in 2015, the technologies used were cutting-edge, and most people did not understand them.

And Chinese fintech giant Ant Financial Services Group, Alibaba's payment affiliate and owner of Alipay, has acquired a stake in Paytm, India's largest mobile wallet operator by user number.

And 124,244 people had to be evacuated to safe areas because of disasters when more than 1,860 houses collapsed and 83,122 hectares of crop lands were flooded.

An unnamed ROK's military source was quoted as saying that the DPRK has been setting up loudspeakers along the inter-Korean frontline areas since Sunday afternoon.