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"For example, for an e-business based company who runs production bases in both Shandong and Zhejiang provinces, once it receives a purchasing order from customers in Beijing, it can directly contact delivery services to deliver goods from their production site from (geographically closer) Shandong," he said.

"HSBC is one of the long-term investments in Ping An's equity investment portfolio. We'll continue to monitor related developments," a Ping An Group spokesperson said in reply to China Daily's inquiry as to whether HSBC's dividend cut would affect the insurance giant's investment performance.

"For mainland-based companies seeking IPOs, they are likely to receive higher valuations on the STAR Market than on bourses outside the mainland, giving the board a big advantage," said Zhu Ning, deputy dean of the National Institute of Financial Research at Tsinghua University.

"For some time, Taiwan's intelligence agencies have wantonly stolen intelligence as well as engaged in infiltration and sabotage activities," said An Fengshan, a spokesperson with the State Council Taiwan Affairs Office, at a press conference.

"Generally, China is unlikely to see a big surge in unemployment," Ding said. "To ensure stable employment, more efforts are needed to prepare plans to deal with the uncertainties arising from Sino-US trade friction, further deepen tax reform for companies, provide subsidies to guide companies' employment behavior, improve urban management and loosen restrictions on the night economy."