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Zhang Xia, chief strategist at China Merchants Securities, said rising trade tensions between the United States and China, and deleveraging moves are the main reasons for the Chinese A-share market slump in the past few weeks.

Zhan added that government investment facilitation measures focusing on greenfield investment projects had helped to stabilize investment activities.

Zeng Ming, the former chief strategy officer of Alibaba Group, made the list for the first time at No 28. He is described as a global strategy expert, advocating the value of total transparency in the high-tech online market in China and beyond.

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Zeng said China was the first country to be hit by the pandemic, but the Chinese government focused on the people and life, and controlled the epidemic with decisive measures. China's economy has seen rapid recovery. China will complete the building of a moderately prosperous society in all respects, and eliminate extreme poverty on schedule. The country sees continuous expansion in mid-income population and is the most promising consumer market in the world. It will build a "dual circulation" development pattern with the domestic market as a mainstay. The new pattern is not a shutting down but a higher level opening-up for better integration of domestic and international markets.

Zha says the success was also a result of the tireless efforts of doctors and nurses in the province. Some 1,443 healthcare workers from Guizhou were sent to Hubei province, the area in China hit hardest by COVID-19, to assist the local health system.

Zhang Yuan said her father is always willing to lend a helping hand to those in need and never quarrels with anyone in the village.

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Zhang Guomin, president of Tianjin Oves Musical Instrument Co Ltd — another market leader with annual sales of up to 70 million yuan — said the low-end market has an average profit of lower than 7 percent, while the high-end market saw profits of up to 30 to 40 percent.

Zhang Shaogang, vice-chairman of the Beijing-based China Council for the Promotion of International Trade, said the participating economies of the RCEP will be able to further advance the regional trade and investment agenda, as their commitment to the pursuit of free and open trade and investment is made more imperative amid the world's fight against the COVID-19 pandemic.

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Zhang Li, president of R&F Properties, and a member of the CPPCC National Committee, expects the market to see more relaxed regulations this year. "But to what extent the prices will rise depends on each city and region," Zhang 

Zeng Gang, deputy director-general of the National Institution for Finance and Development, said the abolishment of rules that limited foreign ownership of Chinese commercial banks was the most noticeable change of the revised regulations for foreign banks.