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As China's economy gradually recovers from the epidemic impact, the insurance market will see a more visible rebound in the second quarter, Zhu noted.

Apple's contract factories inside China, meanwhile, have added far more locations than outside. Foxconn has seen an expansion from 19 locations in 2015 to 29 in 2019 and Pegatron going from eight to 12, according to Apple's data. The new locations have emerged to meet Apple's added product lineup like watches, smart speakers and wireless headphones.

Around 36,000 people are expected to visit the one of the busiest fairs of its kind in southeast Europe, organizers stated.

Article 5 of the Basic Law stipulates that the capitalist system and way of life in Hong Kong shall remain unchanged for 50 years from 1997.

Applicants may include the country's top fund firms and receive approvals in the next two weeks, a source from a major bank told the paper.