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"Given the still low business resumption rate, the first quarter's growth may be hit hard."

"General Washington" delivers a speech at Mount Vernon, the plantation house of George Washington in Virginia, where people celebrated US Independence Day with traditional military and history reenactments on July 4.

"Government reform and innovation is vital to achieve economic and social development. It will also boost public confidence in government capacity," he said.

"Financial regulators are promoting transition in the asset management industry by investing a large portion of assets in stocks and bonds, instead of nonstandard products. This will promote healthy development of capital markets in the long run by providing long-term and sustainable sources of funds and fostering more institutional investors. As the number of institutional investors increase, investment decisions will become more rational," Zeng said.

"Fintech companies are also tapping into gold-backed products that reach young investors, which effectively popularizes gold－an investment conventionally believed to be a favored investment tool for senior-age investors," said a research note from Sinolink Securities Co.