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As global financial markets become more interconnected, there is no singular banking institution that can deal with all of the issues within the local financial sector. Meanwhile, China's financial markets have become more open to international standards. This requires local financial institutions to understand how the rest of the world manages financial risks, said Apostolik.

As a world leader in coalbed methane development through its London-listed subsidiary Green Dragon Gas, Greka now operates eight coalbed methane blocks across China, covering nearly 7,600 square kilometers.

As for small-and medium-sized enterprises which find it difficult to resume work in offices amid the epidemic, the ministry said it will make more efforts to motivate them to move their businesses to the cloud and to encourage them to embrace remote work, video conferencing, online training and other formats to partially restart work.

As for rival Tencent Holdings Ltd, it invested in the startup Moon Express, which was founded by a group of Silicon Valley space entrepreneurs, in 2013.

As a supporting event for the Conference on Dialogue of Asian Civilizations, the festival, which ran from May 16 to 22, also ran concurrently in Hangzhou in Zhejiang province, Guangzhou in Guangdong province and Chengdu, Sichuan province.