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Both sides welcome each other's financial institutions to enter one another's securities, insurance, wealth management including custody services and futures markets in line with the regulatory framework currently or prospectively in force, according to a joint declaration released after the First China-Italy Finance Dialogue.

Business leaders, ex-officials see partnerships based on Belt, Road

Brazil has the world's second-largest outbreak behind the United States, with more than 1.6 million cases and 65,000 COVID-19 deaths. Globally, cases increased to more than 11.7 million on Wednesday, while deaths soared above 543,000, according to the Johns Hopkins University in the US.

Brown secured climate-change agreements to reduce carbon emissions and promote clean energy. "If we don't, California literally will be burning up. And China will be strangling on its own pollution. … We have a common threat, we have common technologies, and we need to do common research."

British luxury brand Burberry opened the first-of-its-kind social retail store on Friday in Shenzhen, claiming to blend physical and social worlds with a suite of digital technologies powered by Chinese internet giant Tencent.