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As of the end of September, a total of 8,332 microcredit companies in China registered an aggregate loan balance of 972.1 billion yuan (1 billion). That is equivalent to only a tiny fraction of traditional banks' 66 trillion yuan loan balance relating to SMEs and the agricultural sector, according to official data.

As market analysts have pointed out, Monday's slide was not caused by anything fundamental. Instead, the investors' move to lock in profits and possibly some computer-programmed trading, combined with concerns about interest rates, have sent the equities into correction territory.

As of Thursday, the province had a total of 127 confirmed imported cases, 123 of which had entered the Chinese mainland via the highway port of entry in Suifenhe, according to Ge Hong, deputy director of Heilongjiang's health commission, who participated in the conference.

As of Monday, hospitalizations in the city of 950,00 increased to 853, a record. About 180 of those patients are in intensive care units, according to health officials.

As of the end of last year, there were 249 million people in China aged 60 or older, accounting for 17.9 percent of the population, the National Bureau of Statistics said. There are 190 million families living in urban areas, with 15 percent of them needing home services, according to a survey by the China Home Service Association.