Following the flash floods in Yuzhong County, Gansu Province, thousands of residents have been relocated to safety, with authorities turning 54 hotels and 14 schools or village offices into temporary shelters to house nearly 10,000 evacuees.
Yuzhong County No. 3 Middle School, the biggest shelter, is currently accommodating 170 people from Maliantan Village, Mapo Township.
"After arriving at this shelter, we had hot meals, hot water, bedding was laid out, cotton-padded clothes were given to us, and there were medical staff. We felt much more at ease," said Zhang Caixia, a resident who arrived at the shelter on Saturday early morning.
To make life here easier, the shelter is staffed with medical workers and psychological counselors. For the more than 20 children now living here, special activities such as drawing class, games and storytelling were organized.
"Right now our focus is on solving the living and eating needs of the affected residents. In terms of living, we have prepared 330 beds, with bedding, toiletries and other daily necessities fully provided. For meals, while ensuring quality and quantity, we also pay attention to nutrition. We are doing everything possible to guarantee the basic living needs of residents during their stay here, " said Ding Xingzhen, principal of the Yuzhong County No. 3 Middle School.
Torrential rain hit Yuzhong County and other parts of Lanzhou, the provincial capital, on Thursday evening, triggering flash floods and mudslides.
According to the Office of Provincial Flood Control and Drought Relief Headquarters, as of Saturday night, the disaster had resulted in 15 deaths, left 28 people missing, and 15 injured.
Gansu authorities convert public facilities into temporary shelters to relocate flood-hit evacuees
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
