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"Despite the fact that most cities are still witnessing growth in house prices, signs of stabilization already exist, particularly in cities with the strictest regulations such as Beijing, Shanghai, Shenzhen, Hangzhou and Nanjing. There are a clear signs of a price drop," said Zhang.

"Does this alone not suggest that the process has been abused?" he questioned.

"Facing ongoing international trade uncertainties, many countries are considering gold a hedge against the US dollar," said Wang Shuli, executive board director for Jingyijinhui, a consulting firm on gold, adding that the trend has pushed up gold prices to some extent.

"Egypt is an important gateway for banks and financial companies from China to enter into African continent," Etreby said at the office opening ceremony on Thursday.

"Direct banks are currently facing challenges in further development," said Fei Yiming, an official with the association.