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He said prevention of financial risks from the property market should be put higher on the agenda and real estate bubbles should be resolved to prevent emerging risks.

He said "Global challenges require multilateral solutions," which address a wide range of areas, including trade, investment, technology, jobs, international tax cooperation, migration, climate change."

He said "almost 100 percent of our clients are high net worth individuals, given that sending children to study abroad means a large amount of money, especially for those who send their kids from high school onward."

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He said that "while it is impossible to truly estimate the impact of these tariffs, roughly billion in two-way trade through our airport and seaport will potentially face some level of increased tariff".

He said most of these displaced residents will likely return to their old homes as they can't let go of their property, livelihood and community. But that should be discouraged given that Taal volcano has a history of violent explosions.

He pointed out houses will be a luxury in developed cities, commercial properties will be more valuable investments in core areas and shares of real estate firms with high growth opportunities will have good investment expectation on stock markets.

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He said Chinese brands' most popular models are usually short-lived, and they don't have classic vehicles like the Toyota Corolla, or Volkswagen Jetta that can keep their charm for decades.

He said China attaches great importance to relations with the ROK and is ready to work with the ROK to maintain the original intention of establishing diplomatic relations and take full account of the well-being of the two peoples.

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He said people's sports-related consumption is growing continuously, and the consumption levels of Beijing and Shanghai are comparable to that of Hong Kong.

He said more types of collaboration between multinationals and local players also contribute to industry development.