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"Digital addresses the critical issue of how the industry uses data analytics to actually drive efficiencies and deploy resources in a smart way," said Yan Guowei, general manager of SocialMED.

"During the current COVID-19 pandemic and future similar outbreaks, school closures may be an unpredictable and common feature of government responses. Under these circumstances, the well-being and health of home-schooled children must be safeguarded with innovative tools," Zheng said. "Our novel peer-to-peer live streaming intervention can significantly reduce anxiety and eyestrain in home-schooled children."

"E-commerce has created many business opportunities in rural areas," he said, adding that even the most remote and poor villages are connected with e-commerce.

"Effects of the policy package should be seen in the third quarter, followed by a stable credit growth for small and micro-sized enterprises," said Yi, who also called for "effective implementation" of the policies at the teleconference, which was attended by several regulators and senior executives from top financial institutions.

"Drought and flooding did not change the stable and positive trend of this year's grain production," Yu explained."We will witness a bumper harvest if no major disasters occur for the rest of the year."