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"China has been rolling out policies for capital market reforms since October, aiming to facilitate the move of funds from parties with excess capital to parties needing funds－the core function of securities firms," said Ma Kunpeng, an industry analyst with mainland-listed SWS Securities.

"By putting the funds into special accounts designated by the central bank, the payment firms can no longer earn interest on the reserved funds. Meanwhile their bargaining power with banks will be greatly affected," he said.

"China and Chinese customers are playing a crucial role in the transformation of mobility."

"Children's facial structures can be unique," said Stephen Shafer, president of 3M Greater China Area. "So our job is to make respirators to fit their faces that come in different sizes, otherwise the respirators won't work."

"Cheaper, more abundant gas is the second pillar of our energy plan for COVID recovery. We've got to get the gas," he said in the speech.