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"For deposits, Yu'ebao has appeared; for loans, there are numerous companies such as Ant Financial Service Group and JD.com; for payment, there are Alipay and WeChat Pay; for financing, crowd-funding has already drawn lots of attention; and furthermore, Fintech will overturn the insurance sector in a more 'ferocious' way," Zhu, also chair of the National Institute of Financial Research, Tsinghua University, told participants.

"From the competition we could learn good tactics from our foreign counterparts and apply them to our own combat training. Through such an event we can also improve our competitive skills and build a good image for the PLA Army." Xu said.

"Following the revocation of China's one-child policy, there has been growing demand from aspirational parents seeking premium early years bilingual education," said Courteney Donaldson, managing director for childcare and education at Christie & Co.

"Having regard to public safety considerations, the Lunar New Year Fireworks Display originally scheduled to be held at Victoria Harbor on January 26 (Sunday) has been canceled," the Leisure and Cultural Services Department of the HKSAR government said.

"For power systems business, we have seen some reduction or postponement of orders, and shortage in supply in some parts of the world, but we are already beginning to see strong and stable recovery, especially in China, where the air travel market is gradually recovering," said Julian MacCormac, country director of Rolls-Royce in China.