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Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up 2.58 percent, at 3,170.36 points.

Citing an estimate by Deutsche Bank, the article said "lost revenues in China, the expense of moving factories out of the country and compliance with the Chinese and American technospheres' diverging standards could cost global technology firms .5 trillion over the next five years."

Chinese tourists pose for photos near rocks at the Hon Chong scenic site in Nha Trang, Vietnam. With a total of 2.7 million tourists last year, China is Vietnam's largest source of tourists, with most Chinese mainland visitors heading to the coastal cities of Da Nang or Nha Trang, which are in the center of the country and are famed for their beaches, historical sites and seafood. Linh Pham / Getty Images

Cindy Chen Jindan, Hong Kong securities services country head at Citicorp International said: "The great pie is there. Hong Kong will play a custodial role in channeling cross-boundary fund flows from overseas investors into the mainland onshore bond market. It's a win-win situation."

Citcon, a payment partner of Chinese e-commerce payment giant Alipay and WeChat Pay in North America, said it has partnered with more than 5,000 top merchants in the US.