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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.

Current foreign ownership restrictions in Chinese banks and financial asset management companies will also be removed, Zhu said while elaborating on consensus reached by state leaders of China and the United States during a meeting Thursday.

Currently, Schueco’s products are mainly used in commercial projects: such as airports, high-end hotels, etc; residential high-rises or villas; and renovations or new decoration by private property owners in China.

Currently, there are 13 Democrats and three Republicans, including Trump, seeking the presidential nomination of their own parties, while 17 Democrats and one Republican have dropped out of the race in this election cycle.

D'Angelo stressed the importance of the exchange with medical staff who were on the frontlines of China's battle against the virus, saying "they have the necessary experience, both in the laboratory and in the area of clinical management."