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Madera said a bond connect in London in addition to the Hong Kong connect would be beneficial because London's active bond market means traders can access lower trading costs for bonds.

Manufacturing activity also beat market expectations in June, as the purchasing managers' index for the manufacturing sector stood at 51.7 points in June, higher than 51 for the ninth month and pointing to continued expansion.

Many Belt and Road countries, including Pakistan and Mongolia, have proposed cooperation with China in establishing their systems, Huang said. Details are under discussion, he said.

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Ma said, "The start of the travel in 2011 was a positive measure to expand exchanges across the Straits in the climate of the peaceful development of cross-Straits relations."

MTR Corp and the high-speed rail operators in the mainland are discussing whether Hong Kong people will be able to buy tickets with the newly released mainland residence permits－a new identity card that Hong Kong, Macao and Taiwan residents living on the mainland can apply for, according to the Transport and Housing Bureau of Hong Kong.

Many Chinese regions such as Zhejiang and Jiangxi provinces have recently declared a "2.5-day-a-week" vacation system to boost consumption and tourism as the novel coronavirus outbreak has been largely controlled in the country.

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Ma said the mainland has always firmly opposed any country it has diplomatic relations with to sign any agreement with Taiwan that implies the island is a sovereign country.

MU2507 was one of three flights by China Eastern Airlines between Wuhan and Shanghai on Wednesday.

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Ma criticized the DPP authority, saying it acted in defiance of the strong public will in Taiwan to develop cross-Strait ties and improve the economy and the people's livelihoods, and had been continuously building up cross-Strait tensions and restricting cross-Strait exchanges.

Ma added, "To improve the capacity of the government system, we need to improve our use of technology, particularly information technology and the use of blockchain technologies."