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Among around 130 elderly patients accommodated by the hospital, two were confirmed dead and 47 others were wounded. Of the injured, eight were in critical condition because of smoke inhalation.

Amid rising concerns about companies' stock-based collateral - by which shares are pledged as collateral for loans - some local authorities have taken steps to stabilize market sentiment, granting preferential policies to ease financing conditions and allowing financial institutions to renegotiate lending terms.

Among multiple policies put forward to ease financing cost last year, capital market support saw obvious efforts in the sector, making financing scale continue to grow, said Pan Xiangdong, chief economist at the New Times Securities.

Among the star-rated hotels, 2,115 are state-owned and 204 are foreign-invested.

Amid the downslide of traditional media, he became an independent writer in 2014. By then, he had worked for media outlets including the South China Metropolis, Asian Business Leaders and the Chinese version of Bloomberg Business Weekly for nearly 16 years.