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As soon as PICA moved its headquarters from New Jersey to Houston in 2013 to plant a firmer footing in the "Oil capital" in North America, the company established an emergency response plan to cope with extreme weathers in the great Houston area, according to Zhang.

As such, the secondhand toy market will develop gradually on several large secondhand exchange platforms such as Xianyu and 58 Tongcheng, Cai says, instead of thriving as an independent and successful business.

As the home province of Confucius and an important source of Chinese traditional culture, Shandong needs to shoulder the responsibility of serving as a qualified envoy between China and other civilizations, said Liu Jiayi, secretary of the Shandong Provincial Committee of the Communist Party of China.

As the central bank, the People's Bank of China, launched its massive reverse repurchase operation after the Spring Festival - injecting additional liquidity to boost the economy - investors anticipate that more stimulus measures like this are underway, said Linus Yip Sheung-chi, chief strategist at First Shanghai Securities.

As the asset receiver, the National Council for Social Security Fund will obtain dividends of the transferred shares from these financial institutions, which will in turn bolster the fund's earnings, according to a statement on the ministry's website.