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By the end of February, the outstanding balance of nonperforming loans of the Chinese banking sector stood at 3.3 trillion yuan. The NPL ratio increased by 5 basis points from the previous month to 2.08 percent, according to the China Banking and Insurance Regulatory Commission.

CEO John Flint of HSBC attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, Jan 24, 2019. [Photo/Agencies]

CEO & Co-Founder

C.K. Lu, a senior research director with market consulting firm Gartner, however, said that the iPhone, a latecomer to the 5G technology, still does not pack enough punch to attract Android users. Lu said 5G connectivity has already become the standard configuration for several Chinese mobile phone makers, and said Apple's launch comes after companies like Huawei, Samsung, Oppo, Vivo and Xiaomi rolled out their handsets.

CDRs are similar to American Depositary Receipts or ADRs－the certificates allow investors to hold shares listed across national borders.