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Lack of diversity is another problem for Chinese households' asset allocation. The report found that 67.7 percent of Chinese families invested in a single type of product, while only 10.6 percent of the families had at least three types of investment products.

Lam's remarks came after China's top legislature reviewed a draft law earlier Saturday on safeguarding national security in the HKSAR, which was submitted for deliberation at the 19th session of the Standing Committee of the 13th National People's Congress (NPC) from Thursday to Saturday.

Kweichow Moutai Co Ltd, China's signature high-end spirit maker, said on Friday that it expects online sales to account for 60 percent of its total sales in the future compared with 30 percent now.

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Lam said the government regretted Moody's decision but conceded that the instability and social unrest in Hong Kong would inevitably undermine and adversely affect international perception of Hong Kong.

Kshama Sawant declares victory in the recent Seattle election. (Photo via KshamaSawant.Org)

Lai, whose work at Outdustry involves her handling the marketing duties for international artists in China, agreed. She estimated that non-Chinese songs currently form "about one-fifth" of what audiences in China listen to.

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LAS VEGAS – The hybrid cloud has become an essential part of enterprise computing, and Amazon Web Services has decided to bring the cloud to its customers’ data centers.

LISBON - Relations between China and Portugal are experiencing an unprecedented high as evidenced by strong bilateral cooperation across various fields in recent years, Zhang Dejiang, China's top legislator, has said.

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Lam, addressing reporters hours after the assembly ended, said the government would not withdraw its proposed amendment, which she called an effective way to prevent Hong Kong from becoming a haven for fugitives.

Kurz came to China to participate in the Boao Forum for Asia in Hainan province in April last year.