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Another crucial step is to make a comprehensive transformation in risk management, especially by stepping up post-loan portfolio risk management, enhancing risk warning capability, accelerating bad assets disposal and helping corporate clients restructure, Qu said.

Any new tax can only be levied by the law, and the existing tax regulations will either be elevated into laws or terminated before 2020, according to China's time frame and blueprint for the law-based taxation reform.

Any New Year resolutions? "My only resolution is to continue doing good things," Duan said. "My children are really lucky because they know two great cultures."

Another example of Amazon’s brick-and-mortar strategy is the company’s plan to open drive-up grocery stores. GeekWire reported last week that?a 9,759-square-foot?retail space where customers can pick up groceries that they’ve ordered online is set to open in Seattle, in what the company?calls “a new model of grocery shopping.”

Apart from its role of furthering Shanghai's continued reform and opening-up, the Hongqiao CBD will also facilitate the integrated development of the Yangtze River Delta region. Efforts will be made to create an internationally first-class business environment, said the plan.