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Being a capital intensive industry, real estate developers have a good appetite for financing through various channels including loans, bonds and equity. Amid the mounting expectations of more restrictive measures to rein in onshore financing, many property developers are turning their attention overseas as an alternative.

Because the Maldives declared a state of emergency to minimize the impact caused by the COVID-19 pandemic, the housing project had been temporarily suspended and all workers had to take training to prevent infections earlier this year, said Qian Haojun, deputy general manager of CMEC's second complete plants division.

Before the reforms, US banking was a safe but boring profession. It was considered to be almost a utility - highly regulated with steady but not high profits. Far from being glamorous, bankers were paid about the same salaries as other equivalent professions.

Beijing and Washington traded barbs earlier this month over the reported meetings of US consular officials based in the special administrative region with the protest leaders and those advocating "Hong Kong independence".

Because of African swine fever outbreaks in recent months that have hit almost all regions in China, the number of pigs declined by more than 18 percent in March, year-on-year, while the number of female pigs for reproductive use declined by 21 percent, the biggest decline of the past decade, Tang said.