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As he toured the exhibition on Monday, he shook hands with both Leung Chun-ying, vice-chairman of the 12th National Committee of the Chinese People's Political Consultative Conference and chief executive of HKSAR, and Carrie Lam Cheng Yuet-ngor, the incoming chief executive.

As Singapore braces for a sharp rise in new COVID-19 cases, researchers and companies are rising to meet the demand for test kits.

As always, when a piece of legislation is passed, the key is in the implementation, he noted, adding that how rigorously the implementing regulations are written will be key to the success of the enforcement.

As an independent legal entity rather than a department of a bank, a direct bank will not be restricted by the bank's existing management approach. With independent accounting, it could find a completely different mode of development that will better suit the internet age, he said.

As a commercial lender without a branch network, offering its services remotely via online banking, aiBank is experimenting with a transition of the banking industry by exploring mechanisms to deepen cooperation between commercial banks and internet companies.