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He said the arrival of the AXON M "breaks the rules", and offers more possibilities to clients, who "expect more" from their smartphones.

He said the economy has become more unsettled since the Fed cut rates for the first time in a decade but gave no indication of what the US central bank might do in September. Last month, it cut interest rates by a quarter point, to 2.00-2.25 percent. The move is intended to stimulate the economy by lowering borrowing costs.

He said the sector bears the brunt of Hong Kong's national security education, with the National Security Law clearly stipulating that schools and their sponsoring bodies have a duty to advance and supervise the promotion of national security education.

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He said that the opposition politicians criticizing the move were putting politics above public health.

He stressed bilateral trade should be a priority for China and the US, and consumers are the biggest losers when tariffs are raised.

He said the lockdown would continue as the country had not yet met conditions set by the World Health Organization to lift the measures.

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He said while US enterprises complained it was unfair that Chinese companies were getting support from the government, their Chinese counterparts said the playing field is not level in the first place since US-based multinationals boast first-mover advantages such as global supply chains, industrial lines, advanced experience and expertise, and the US dollar as the international reserve currency.

He stressed good corporate governance and full information disclosure, saying credit records should be built for company directors and management.

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He said the outbreak has caused great anxiety, hence the need for strong political leadership that can keep Malaysians safe amid the pandemic.

He said the gradual recovery of business trips has also spurred the performance of hotels at cities that have been business destinations.