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Chinese scholars recently focused more on designing a cross-border payment and settlement system for the digital renminbi, as the monetary authorities have accelerated trials and expanded usage of the new money called DC/EP (which stands for digital currency/electronic payment).

Chipmakers, Broadcom, Intel, Qualcomm, Cirrus Logic and Qorvo — all Apple suppliers — also fell Tuesday.

Chinese tourism is rebounding as travelers stick to domestic trips due to the worldwide pandemic and the country's relaxed duty-free rules, the Wall Street Journal reported on Aug 11.

Chinese tourists aged between 25 and 40 and earning well are the main visitors to the continent.

Chiu expects the local growth momentum to continue surging in the coming years. She is optimistic about further maximizing revenue and enhancing market competitiveness through their newly-opened hotel in Tsuen Wan, which has rapidly ramped up sales.