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Ant Financial was spun off from Alibaba and obtained business independence in 2014, making it a powerful financial player.

Apart from exploring a market-driven mechanism for the commercialization of scientific research achievements, the tech subsidiaries of these banks also aim to export fintech solutions to smaller banks and other financial institutions, according to China Minsheng Bank.

Another key indicator of financing activity－aggregate social financing－rose by 10.7 percent in March, the highest rate since September 2018 and higher than the previous peak of 10.42 percent in January, it said.

Anna Barysheva loves her job promoting Russian food to Chinese customers after living in the country for 13 years.

Another batch of Hong Kong residents are expected to return to Hong Kong on Thursday afternoon on a second chartered flight.