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Analysts said the recovery will also bring more foreign capital into the A-share market, as hedging tools, which rely on a stock-index futures market, are essential tools for overseas institutional investors.

Ang Ziyu (left) pays for food as part of a life skills training activity organized for visually impaired students at a mall in Shanghai on Aug 14, 2020. [Photo/Xinhua]

And our two countries have issued the China-UK Strategic Plan for Financial Services. This has laid a solid foundation for closer cooperation on financial supervision and business partnership.

Andrey Denisov, Russian ambassador to China, said China "has attached great importance" to the institution-building of CICA, and its efforts include promoting semiofficial or nongovernmental dialogue.

And there is a deep institutional and governance and rule of law crisis that is born out of a worsening economic situation, a gridlocked political process, and a pervasive feeling of social exclusion and disenfranchisement, he said in an informal briefing to the Economic and Social Council.