He was to negotiate a business dispute with a seller i

 in Guilin face to face after a consultation via phone failed and, if the negotiation came to noth

ing, to threaten the seller and seek revenge, according to the Hunan provincial public security department.

Chen was killed in the coach fire triggered accidentally by the inflammables on the way, the department said.

The 59-seater bus caught fire on a highway in Hanshou County in the city of Changde, Hu

nan Province. There were 56 people on board, including 53 passengers, two drivers and a tour guide.

It is illegal in China to carry inflammable or explosive substances on public transportation vehicles.

China’s top securities regulator said Friday that it had approved J.P. Morgan and Nomura to set up respective securities joint ventures in the country.

Last year, the two companies both applied to set up securities joint ventures, in which each will hold a 51-percent stake.