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As a result, subsidies will be offered to EV charging operators that are commercially viable and able to guarantee a minimum usage and will no longer be easily available for electric vehicle charging infrastructure makers, Lin said.

As for their future plans in China, Chen said: "We will hasten our business development in China and continue to expand our business in first and second - tier cities - such as Wuhan and Hangzhou - to increase our product lines."

As a leading international bank, Standard Chartered has benefited tremendously from China's reform and opening-up, especially since the bank's local incorporation on the Chinese mainland in 2007. We now have a network of more than 100 outlets and about 5,000 employees across nearly 30 cities on the Chinese mainland. The mainland market has become strategically important and a top priority for Standard Chartered, and also a key contributor to the group's network income.

As for the second, China's A shares historically have exhibited low correlations with the rest of the world. From December 2008 to April 2019, the MSCI China A Index's correlation to the MSCI ACWI Index, MSCI's flagship global equity index, was roughly 40 percent, much lower than any other major MSCI regional indexes.

As a result of the partnership, UnionPay prepaid and debit cards with chip-enabled technology, will be issued, first into the Kenyan market and then extended into East Africa.