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Analysts from Shenwan Hongyuan Securities wrote in a note that the economic growth slowdown is not worse than expected based on the recently released figures. Given the sluggish performance in the previous weeks, the market had already reached its bottom and was ready for a rebound. Meanwhile, the easing downward pressure from overseas markets and the improved liquidity in the domestic stock market will help the benchmark indexes to continue to climb.

An over-allotment option for major underwriters has been specified in the new guideline, under which the underwriters are required with detailed rules regarding information disclosure, keeping trading records and making related arrangements. The major underwriters are not allowed to sell the shares that have been bought to stabilize stock prices under the over-allotment option mechanism. 

Analysts expect Hui to take the richest Chinese man's crown if Evergrande's shares rise another 20 percent.

And Buhari diplomatically brushed off the controversy over Trump's alleged branding of Nigeria and other African nations as "shithole countries" in a January rant over immigration.

An online program sheds light on behind-the-scenes players in Chinese show business.