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At 5 pm Monday, five people remained missing, and search and rescue efforts were still ongoing, according to the Shanghai Maritime Safety Administration.

At its heart, it acknowledges the importance of domestic consumption in the next phase of the country's economic development. China is set to have 600 million middle-income consumers by the middle of this decade, according to management consultants McKinsey & Co. The new development paradigm also emphasizes the need for greater indigenous technological innovation and the strengthening of domestic supply chains.

At least 700 suspects have been detained so far, the statement said.

Asia is a core growth market for Fitch Ratings, which has embarked on a major strategic investment plan in the region. The launch of Fitch Bohua demonstrates Fitch Group's commitment to supporting the development of Asia's capital markets.

Asked about the ongoing China-US trade dispute's impact on the company, Locoh-Donou said, "So far, it hasn't really affected our business in China." The company will continue to comply with laws and regulations in both countries, he said.