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Apart from small and micro-businesses, agriculture and rural residents are also key targets for inclusive finance, said Wang Shuguang, a professor at the School of Economics at Peking University. Many counties don't have a structured financial system and innovation should be encouraged to coordinate all financial resources to lead more private capital to rural areas as a way to promote inclusive finance, he said.

Ant Group, the parent company of China's largest mobile payments business Alipay and a major provider of financial services technology, announced on Monday that it has commenced the process of a concurrent initial public offering on the Shanghai Stock Exchange's STAR board ("SSE STAR" market) and The Stock Exchange of Hong Kong.

Anthony Fauci, White House health advisor and a top expert in the US government's response to the Covid-19 pandemic, on Tuesday said he was cautiously optimistic that several vaccines now being tested would prove effective "within a reasonable period of time."

Any unwarranted restrictive and protectionist measures at this critical juncture will only make the pandemic more lethal and detrimental to the region's long-term recovery, he said.

Another eight parallel auto import pilot areas have been added to the current nine-region pilot list, according to the Ministry of Commerce.