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Anyone trying to claim that the Hong Kong Special Administrative Region Government's decision to postpone the city's Legislative Council election for a year is an expedient action of last resort, intended to prevent the opposition camp from achieving its goal of gaining a majority in the legislature for the first time, is doing so with an ulterior motive.

Another clear signal from the leadership is that the China Central Television's flagship daily news show Xinwen Lianbo has covered the A-share market several times this year, which was rare in its history. The latest coverage was on Aug 8 where CSRC Vice-Chairman Li Chao said the A-share market's capacity to withstand external risks is increasing, citing the market's low valuation and reduced leverage risks, along with relatively stable investor sentiment despite trade frictions with the US.

Annual mainland box-office receipts appear to indicate such a preference. Of the seven cross-border films screened last year, The Mermaid, a huge comedy hit directed by Stephen Chow, was the highest-grossing coproduction, earning 3.4 billion yuan.

Apart from Fidelity, asset management giants BlackRock and Neuberger Berman have also declared goals of establishing mutual fund subsidiaries in China.

Apart from enabling governments to quickly expand social safety nets, fintech can also increase transparency, reduce the risk of corruption and avoid unnecessary contact, all of which will help fight the pandemic, she said.