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Another important point worth reinforcing is that an escalating Sino-US trade conflict will also affect Asia as a whole, said a research note from Nomura Securities.

Apart from making full use of accessible information to solve the problem of information asymmetry that exists between the provider and the candidate recipient of finance, banks should adopt effective risk management instruments and measures by improving technologies in this field, said Wang Zhaoxing, counselor of the State Council, China's Cabinet.

Anthony had become a very wealthy trader while working with the British-owned East India Company, which imported popular Chinese commodities, including tea, ceramics, and silk, into the UK and which employed many sailors from China to populate its trading vessels. Anthony worked as an intermediary between the company and the Chinese sailors it employed and ensured they had lodgings and provisions while in London.

Another was Wang Xiling, a farmer from Baoji, Shaanxi province. She was diagnosed with cancer in 2011 and widowed two years later. But the misfortunes failed to crush the 50-year-old. With financial aid provided by the local government, Wang formed a rural cooperative, cemented her economic standing and offered jobs to other poor farmers attempting to shake off poverty without leaving their home villages.

Ant Group, which operates the mobile payment platform Alipay, announced on Monday that it will seek dual listing in Hong Kong and Shanghai. Eric Jing, executive chairman of Ant Group, said in an internal communication that the dual listings will be carried out to support the group's technology innovation as well its digitalization of services, which will help stimulate the country's domestic demand. Worldwide cooperation will be strengthened to seek sustained growth, he said.