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He predicted that upcoming reform would focus on land supply and financial options.

He said China is now the Philippines' biggest trading partner and one of the biggest sources of investment and tourism. He noted that in the first quarter of 2018, FDI from China surged by over 500 percent compared with the previous year.

He said it can only list out problems and report to the authority. The Hong Kong Educational Bureau will decide whether or not to heed the task force's advice or take follow-up measures.

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He said Nielsen is mulling an SME and startup incubator for China. The company operates an incubator in Israel and has helped found more than 30 enterprises.

He said "the current situation has already destroyed the original premise. There is no way to deliver on the promise" as Sino-US tariff tensions for the past several months have reached a crescendo. Washington announced earlier this week that it would slap additional levies on 0 billion worth of Chinese goods. Beijing responded that it will place tariffs on about billion worth of US imports.

He pointed out that the location makes it easy for him and his employees to go back to their homes in Hong Kong because it's near the checkpoint, and authorities have also designated staff to help Hong Kong teams become familiar with the local regulations and environment.

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He said that private equity funds and venture capital funds will be supported in participating in M&As, debt-to-equity swaps and equity investment, underscoring their role in galvanizing market vitality.

He said a polarized Congress likely would pose many obstacles for Trump, as Democrats could challenge Republicans' domestic policies, including slowing or stopping the repeal of Obama-era healthcare programs, slowing some of Trump's immigration policies and slowing or reversing the push against environmental regulations.

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He said efforts will be made to ensure the protection of the rights and interests of foreign intellectual property owners, to ban forced technical transfer and to enhance trade secrets protection.

He said it's more than necessary to establish a national intelligence-sharing platform to help law enforcement officers "obtain and analyze various terrorist-related clues, then effectively deploy different forces, including armed police and soldiers, to smash criminal gangs."