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Around 3.30 pm, a large group of protesters proceeded eastward and westward, blocking carriageways in Sai Ying Pun and Causeway Bay respectively. Protesters in Causeway Bay also destroyed government property and created road blocks. Traffic in a number of areas on Hong Kong Island was disrupted as a result, according to the press release.

Around 90 percent of their bikes are now nowhere to be found because they are only fitted with mechanical locks and are easily stolen.

Approved by the State Council, the fund is jointly established by the Ministry of Commerce, the Ministry of Finance and Shenzhen-based China Merchants Capital Management Co Ltd, a subsidiary of China Merchants Group. Under the plan, the central government will guide social capital to raise the fund.

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As China's financial market has experienced considerable fluctuations recently, regulators' attitude to encourage insurance funds to get involved in the long-term investment is becoming more and more obvious and measures to guide long-term funds such as insurance funds into the market are accelerating.