Firefighters recently conducted successful rescue operations for people trapped by floods in northwest China's Gansu Province and southwest China's Yunnan Province.
On Thursday evening, a vehicle carrying three people, who were enjoying the scenery at the bottom of the Hongshui River Grand Canyon in Jiuquan City, Gansu, was unexpectedly caught in a flash flood and stranded in the middle of the river. The three climbed onto the roof of the vehicle to await rescue.
Upon receiving an emergency call at about 20:40, firefighters rushed to the scene and used a drone to locate the off-road vehicle caught in the rushing waters. Local authorities deployed a bulldozer to approach the stranded vehicle, which firefighters used to successfully transfer the trapped people to the bucket of the bulldozer, bringing them to safety.
In Yunnan's Yuxi City, continuous heavy rainfall caused a river in Eshan County to swell on Wednesday, trapping seven people.
Upon receiving the alarm, firefighters quickly mobilized to the site and chose to use ropes to carry out the rescue across the river. Five firefighters, equipped with life jackets, crossed from downstream to reach the seven trapped on the other side. After two hours of intense efforts, all seven were successfully saved via rope rescue system.
Firefighters rescue flood-trapped people in Gansu, Yunnan provinces
China's securities regulator has pledged to prioritize market stability and resolutely prevent sharp fluctuations as a core objective for 2026, aiming to consolidate sound development of the capital market.
The China Securities Regulatory Commission (CSRC) made the commitment at its annual work conference on Thursday, where the regulator reviewed the past year's performance and outlined key tasks for 2026.
In 2025, listed companies distributed a combined total of 2.68 trillion yuan (about 380 billion U.S. dollars) in cash dividends and share buybacks throughout the year, further consolidating the momentum for high-quality development.
Initial public offerings (IPOs) and follow-on offerings reached a combined 1.26 trillion yuan, while the exchange bond market issued various bonds totaling 16.3 trillion yuan.
Eighteen futures and options products were smoothly listed, demonstrating the robust functioning of the multi-tiered capital market.
The meeting emphasized that while the capital market currently shows stable and sound performance, it still faces complex and severe challenges posed by intertwined domestic and external risks as well as the overlapping of persisting and emerging issues.
Efforts will be made to effectively enhance the intrinsic stability of the market, the CSRC said, adding that it will rigorously investigate and punish excessive speculation, market manipulation, and other illegal activities to prevent sharp market fluctuations.
It will work to foster a market ecosystem where "long-term capital engages in long-term investment," the regulator said, pledging efforts to broaden the channels for medium and long-term capital inflows, introduce various products and risk management tools suited to long-term investment, and actively guide long-term, rational and value-based investment.
It also vowed to enhance the inclusiveness and adaptability of the multi-tiered equity market, crack down on illegal activities such as financial fraud, price manipulation and insider trading, and enhance corporate governance among listed firms.
The CSRC will advance the two-way opening up of the capital market in 2026.
Efforts will be made to expedite the implementation of the optimized Qualified Foreign Institutional Investor scheme, expand the scope of futures products accessible to foreign investors, and enhance the facilitation of cross-border investment and financing, the regulator said.
China's securities regulator stresses market stability in 2026 work plan
China's securities regulator stresses market stability in 2026 work plan
