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"Hainan rejects being a processing plant for real estate projects," Liu said. "The amount of our land is limited, and we've already learned a lesson."

"Good-selling brands have good bargains from suppliers, and some are raising the prices of their cars a little bit, but the customers still love them," Wu said.

"For over 30 years we have called New York our home. From roads and bridges to subways and transit centers, from schools and museums to offices and skyscrapers, we have been diligently building New York," Yuan noted. "We are grateful for the opportunity to grace its skyline and look forward to a bright future together."

"Hainan differs from Hong Kong in location and industry focus, playing a complementary role instead of competing with Hong Kong," Lin stressed. "We should give full play to Hainan's advantages like rich natural resources, unique geographical location and the vast domestic market and hinterland, focusing on the development of tourism, modern services and high-tech sectors."

"Financial institutions, especially some commercial banks, became hesitant or overreacted to the tightened regulations, thus they suspended part of their financing activities and stopped large-scale investment in nonstandard credit assets already－one of the reasons that led to the current liquidity pressure," said Wei Xing, an expert in asset management products with a domestic securities company.