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The central bank had suspended open market operations for 12 work days before Wednesday, citing sufficient liquidity in the banking system.

The city plans to have 20 percent of its urban areas meet the sponge city standards by 2020, and 80 percent in another 10 years.

The checking of vehicles entering the compound and the parking measures will be enhanced, he said.

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The city ordered all of its 800 preschools, primary and secondary schools to postpone their March openings by two more weeks. The education ministry already delayed the opening of the first semester by a week to March 9.

The centre will also work with banks to identify and execute green finance opportunities along the BRI and publish best practice case studies to create a role model effect.

The city of Houston received about 25,000 masks as part of the donation.

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The central bank sent signals recently that the monetary policy will be more flexible and more specific to give liquidity to corporates that are really in need of funding to survive the damage stemming from COVID-19, analysts said.

The changing habits in what they shop and how they shop have forced manufacturers to reposition themselves to maintain growth, in terms of building up brand awareness, enhancing modern designs and opening up online revenue streams, John added.

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The city has eight Fortune 500 companies and 436 listed ones, said the mayor, adding that companies like Huawei, Tencent, ZTE and DJI are playing an important role in advancing technological innovation and promoting industrial transformation and upgrade in the country.

The city and its people have shown resilience after major incidents, including the SARS outbreak in 2003 and the "Occupy Central" movement in 2014, he said. Ma believes Hong Kong will soon recover from the economic recession.