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Apart from legislation, Ling highlighted the significance of proper education of young people about history.

Apart from the newly confirmed cases, more than 30 persons have been preliminarily tested positive of COVID-19, Chuang said, warning that Hong Kong is facing the most serious situation since the COVID-19 epidemic started here.

Apparel and accessories, mobile phones, consumer electronics and cosmetics were the most sought-after items for customers from the SCO member countries, Alibaba said. A pesticide-spraying drone, priced at ,000, was the single costliest item bought by Indian consumers on AliExpress last year, it said.

Apart from subtle enhancements in life, internet has taken on more noble undertakings. Companies help farmers peddle their produce through e-commerce platforms and predict sales using algorithms and data analytics. Alibaba said 33 million people have thus become self-employed using its platforms, which is in line with the broad national goal of poverty reduction.

Another reason behind the stagnation of bank IPOs is that bank stocks are currently undervalued, experts said.