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As a fitting tribute to the 20th anniversary of Hong Kong's return to the motherland, the cross-border bond train marks a milestone on the nation's journey to open up its financial markets,and moves a step closer to positioning its onshore bonds in the group of global fixed income indexes.

As for the pandemic, the president stressed that death rates from the virus are going down, though experts fear they will begin to go back up soon. He also repeated his claim that the surge of new cases is a result of increased testing, while signaling that there might be political motives behind decisions to keep schools closed.

As demonstrations escalated into violent unrests in some parts of the country, US President Donald Trump on Monday threatened the use of the military to clamp down on the protesters, a response that drew immediate condemnation from his political opponents, including former Vice President Joe Biden, whom Trump is all but certain to face off in the general election later this year.

As for balancing investment risks, Stephen said China is trying market-based tools and moving incrementally in its international efforts.

As a major strategic decision made by the Communist Party of China Central Committee to further opening up, the addition of the Lingang area demonstrates China's clear stand to adhere to all-round opening up in the new era and an important measure taken to actively lead the healthy development of economic globalization, officials said.