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Chan added that green finance is the policy priority going forward, and financial technology is another area that Hong Kong is striving to excel. Green bonds issued and arranged in Hong Kong increased over 200 percent to 11 billion U.S. dollars in 2018 as compared to the previous year.

Carbajal said the Belt and Road Initiative which seeks to integrate the world has received enthusiastic responses from participating countries.

Chen Chiping, vice-president of Capgemini China, said that given that China's gross domestic product is expanding at a rate of around 6.5 percent, by 2020, China's electricity market should grow with an annual additional 4,800 kW installed capacity, and the total investment will reach 0 billion. "The large scale of investment will bring business opportunities for foreign investors."

Change

Challenges aheadHowever, the prospect is not as good as it looks. Both companies are facing the same problem of how to make money, as traditional dealerships have increasingly thinner profits from selling cars. "We want to try the business model first. If the model works, we will eventually make money from automakers," said Chen Ran, general manager of Gome's auto business division. For a car market to be a success, effective coordination is needed among car makers, 4S stores, insurance companies and accessory producers to realize a one-stop shopping experience like that in traditional supermarkets, said Chen Hao, president of Jiangsu-based dealership company Xiezhong Auto. "In the future, car sellers should provide a more and more personalized service targeting a small niche market. Thus, car markets face the tough test of adapting to changing demand," he said. The newcomers will also be confronted with other segments of the car sales market, including e-commerce giants, used car dealers and group buying service providers. Suning's Liu said price might not be the advantage of car markets, but the company would ensure price transparency, a full range of products and reliable quality. "Our greatest strength is breaking the single-brand bottleneck of 4S shops and giving customers a new buying experience," Liu said.