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As sales of China's IC industry registered at 756.2 billion yuan in 2019, industry insiders believe the sales would break 900 billion yuan this year.

As urbanization replaces the majority of farmland, and modern industries such as finance and IT push up labor costs in China's eastern coastal area, the central government is offering subsidies to encourage silk manufacturers and lower-tier governments in western areas to develop the industry.

As the tech revolution continues to grip the globe, major bourses across Asia have been flexing their muscles and priming the pump with dramatic shakeups of their listing protocols to embrace technology enterprises and get them to the trading floor.

As the supreme supervisory organ, the national supervisory commission will oversee local commissions and answer to the National People's Congress (NPC) and its standing committee.

As the Chinese mainland economy emerges smartly from chaos still seen in much of the world, it's very natural for the Asian financial center to stay closer to and better align with the nation's grand development plan, Lam said.