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As far as investment is concerned, he believes that any projects that are being implemented should bear a clear and concrete benefit for both sides, and should be based on a level playing field.

As an overarching framework governing foreign investment, Lau said China's new Foreign Investment Law, which became effective earlier this year, has further enhanced the protection of foreign investors' rights concerning their investment in China, including their intellectual property rights and technology transfer issues.

As a part of an exclusive partnership with e-commerce giant Alibaba, the delivery service will be launched in September in Shanghai and Beijing, and then expanded to the coffee chain's over 2,000 outlets in 30 cities across China.

As at the end of 2017, the balance of ICBC's wealth management products stood at 3 trillion yuan (7 billion), up 11.4 percent from the previous year. The bank ranked first among its peers in terms of the stock and the increase of WMPs, he said.

As a subsidiary of local property developer Far East Consortium International, which was founded by Chiu's grandfather Deacon Chiu Te-ken, the hotel group has its roots in Hong Kong with 11 hotels and more than 3,200 rooms, commanding a 4.06-percent market share in the city's fiercely competitive hospitality industry.