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Mark Leung, CEO for China at US investment bank JPMorgan, said Shanghai has a world-class business environment, sound financial infrastructure, excellent financial ecosystem and outstanding financial talent, all of which are of great appeal to foreign-funded financial institutions.

Mark Gibbs, president of SAP Greater China, believes the Made in China 2025 strategy will bring new opportunities for the German software company, as China injects new impetus into the national effort to upgrade industrial manufacturing amid ongoing economic restructuring.

Many wholesalers like Greenhead Lobster faced the same difficult situation.

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Massive tax reductions and financial support for nonpublic enterprises' key technological projects are encouraging those firms to invest more in scientific research and innovation, which would help to advance the nation's industrial upgrade, he said.

Many projects have resumed construction as of Monday in Xiongan New Area, North China's Hebei province, marking an end to the Spring Festival holiday that was extended due to the novel coronavirus pneumonia (NCP), local media reported.

Many wholesalers like Greenhead Lobster faced the same difficult situation.

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Many carmakers' sales rose last month. Ford's premium arm Lincoln sold 5,600 vehicles, up 53 percent year-on-year. Sino-Japanese joint venture Dongfeng Honda delivered 94,238 units, up 13.5 percent from the same month last year.

Many debtors have tried a variety of ways to avoid repayment. On Friday, a court in Wuhan, Hubei province, said that a 59-year-old woman had plastic surgery in an attempt to disguise herself to avoid repaying 25 million yuan in debt.

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Market data indicated that four fund managers are preparing to roll out funds tracking the STAR 50, with experts indicating that the number could rise in the foreseeable future.

Many countries, including Pakistan, Iran, the United Kingdom, Saudi Arabia, Indonesia, Mongolia, Brazil, Egypt and Canada, have shown a keen interest in potential use of the technology, it said.