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Yu said Vanke is working with other urban rail operators and high-speed train companies. He said Vanke is also looking at new-energy carmaker BYD's monorail systems.

You might think that setting up the basic institutions of business and market governance－the rules of the road, the software－would be easy compared to building physical infrastructure, developing technology or raising a nation's education level.

Yi Huiman, chairman of the China Securities Regulatory Commission, speaks at the Annual Conference of Financial Street Forum on Oct 21, 2020. [Photo provided to chinadaily.com.cn]

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Yi said the A-share market has the foundation to develop steadily because of capital market reform and opening-up, the historically low valuation of its companies and controllable risks associated with leveraging investment.

Yili's resolve to expand its production line has been quite evident recently. Last October, it announced plans to acquire a 37 percent stake in organic milk producer Inner Mongolia Shengmu Animal Husbandry Co Ltd for 4.6 billion yuan. However, the acquisition plan ended on April 28 after the two companies failed to reach all the preconditions by the due date.

Yue Yi, vice-chairman and chief executive at Bank of China (Hong Kong), said the bonds link could stabilize the yuan liquidity pool in Hong Kong and support the development of more yuan-denominated financing products.

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Youdao has gathered over 100 million average total monthly active users in the first half of 2019. [Photo/IC]

Yeung explained the problems that have emerged in Hong Kong's education sector over the past six months. One of those problems is that some teachers have attempted to influence students with their personal political views in classes or incited students to participate in strikes and even illegal demonstrations, he said.

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Yuan said the group's three manufacturing bases have already resumed production, and its logistics capabilities related to Europe have recovered. Volvo exports vehicles manufactured in China to more than 80 countries and regions.