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Another reason behind the stagnation of bank IPOs is that bank stocks are currently undervalued, experts said.

Apart from manufacturing, Ma said the firm has just established an "intelligent retail strategy unit" providing data-based digital solutions for retail and commercial property clients.

Another NPC deputy Chan Man-ki took heart from the country's support for the SAR mentioned in Luo's letter, saying that the country always has the interests of its citizens at heart, and will help people overcome the difficulties.

Another positive factor is that with more electric vehicle startups tapping into the Chinese market, traditional manufacturers are facing fiercer competition and increasing their investment on product research and development. Global carmakers are also making efforts to promote the development of electrification.

Anne BRUANT-BISSON, Counselor for Health and Social Affairs of French Embassy to China, said at the launch ceremony that the Sanofi China Health Road Project is a new and major step in Sino-French cooperation in the field of primary healthcare. Such an initiative is totally fitting into the Healthy China 2030 Government's plan while contributing to global cooperation China's and France's Health Ministers have agreed to enhance.