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Currently, the most dominant cashless payment in Hong Kong is the Octopus card, a rechargeable card that is widely accepted by Hong Kong residents to pay for transportation, as well as items at convenience stores and small retailers. Yet Bao said the pre-top up mode, which requires citizens to top up the balance before paying, occupies a portion of citizens' disposable capital, and is less convenient than Alipay's real-time payment system.

Cyberspace regulators in Beijing, where the headquarters of Baidu and Sina are located, and regulators in Guangdong, which has jurisdiction over Tencent, have filed an official probe of the three platforms for possible breaches of the Cybersecurity Law and failure to prevent such information from being released, the statement said.

Criminal suspects have been nabbed at prior public events, such as concerts. For example, a total of five fugitives have been caught at concerts featuring Jacky Cheung, the well-known Hong Kong singer.

Custodian service could give Standard Chartered an advantage among Western banks growing their China activities. This competition became particularly fierce following an announcement by the Chinese government in November 2017 that allowed foreign banks to seek majority ownership of their China joint ventures for the first time.

Customs clearance and quarantine will be integrated by the end of 2018, and procedures for import and export registration will be streamlined. Statistics from the departments of market oversight and commerce will be used directly for customs registration.