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The bank also announced that a new branch in Malacca will start business within the year.

The average flow of the Yangtze River in Yichang, where the reservoir is located, was recorded at 8,240 cubic meters per second in January, said the company. It is up nearly 70 percent from the average levels seen in the previous years.

The association estimated vehicle sales to further grow in the second half of the year, but it said China's auto market is likely to fall around 10 percent for the entire year.

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The author is a senior researcher with the Chongyang Institute for Financial Studies at the Renmin University of China and former chief representative of Zurcher Kantonalbank's Beijing office.

The bank will also launch a pilot program to set up entities that specialize in serving companies at manufacturing industrial clusters. By the end of June, the outstanding loan balance provided by ICBC to the manufacturing industry was 1.85 trillion yuan (4.1 billion), up 14 percent from the beginning of this year.

The audio works were recorded by more than 100 broadcasters, anchorpersons and sound engineers, according to the China Media Group.

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The bank's inclusive finance services have gone from offline to online, said the CMB, adding that in the future, it will cooperate with the government and financial institutions to provide better financial services to micro and small enterprises, farmers and low-income groups.

The authorities said the move was made due to concerns over safety as radical protesters disrupted traffic across the Asian financial hub.

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The banking system reports a reasonable and sufficient level of liquidity at present, the PBOC said in a statement.

The automation of daily functions is expected to cut out most professions. Governments will have to address the issue before facing millions of unemployed citizens.