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Cashless payments have been growing significantly globally, but markets are highly diversified, said Ben Gilbey, head of digital payment and labs, Asia Pacific, Mastercard.

Central bankers believe the current problem isn't the roaring inflation experienced in the 1970s but fostering economic growth when interest rates are low and can't be cut further to stimulate the economy.

Central State-owned China National Building Material Group Co Ltd has taken steps to resume operation in various sectors, giving priority to those which are related to epidemic control in the middle of joint efforts from State-owned enterprises to battle the novel coronavirus and support the economy.

Charles Li Xiaojia, CEO of HKEX, flew to Beijing on Monday night, paving the way for Chinese mainland institutional and retail investors to invest in Xiaomi, as well as other future Hong Kong-listed companies with this kind of share structure.

Car-hailing platform Yidao Yongche is rumored to have fallen into financial distress after its founder and former CEO claimed that 1.3 billionyuan (9 million)was appropriated from the company by its top stakeholder, LeEco.