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"Government agencies, in fact, have taken some measures and made some rules in the past few years to maintain order in the development of new technologies. But it's not enough, and the situation needs to be adjusted in a systematic manner," he said.

"Good PMI data and good earnings performances by listed companies in the first half have contributed to today's share rise," said Hong Hao, chief strategist at BOCOM International Ltd, adding that large-cap shares and upstream resources stocks performed the best.

"For example, due to the coronavirus outbreak, we were not able to meet our clients and sign contracts face-to-face. We managed to solve the problem by pushing forward with digital trade, enabling them to finish the whole process online including making orders and signing contracts. As a result, most of our businesses have not been affected by the pandemic."

"For now, many domestic helpers are unable to go back to their working cities, and employers are afraid of hiring as they worry about possible infection. We are unable to do the business. It certainly has a remarkably negative impact on us," Chen said.

"Frankly speaking, the ambassador and his remarks are not constructive, and even quite wrong. Some of his views do not conform to the truth and are even misleading," Hua said in a news conference.