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As a heavy rainstorm affects the city, with more than 100 millimeters of rainfall recorded in the past few hours, the Hong Kong Observatory announced flooding in the northern New Territories at 11:25 am. The Drainage Service Department received five confirmed flooding cases by early Sunday afternoon.

As for Alibaba, it proposed a one-to-eight stock split last week to help in the issuance of new shares - a move usually taken by companies before new shares are issued.

As for car-for-hire services, Hebei has stopped taxis and online ride-hailing vehicles from sending passengers to the capital since March 3, echoing a similar policy imposed by Beijing that was rolled out at the end February, the report said.

As a representative of high-end Chinese green tea, Zhuyeqing tea (literally translated as green bamboo leaves) has become the official designated green tea of the China Pavilion for Expo 2020. The signing ceremony was held recently in Emeishan, Sichuan province, where the tea is grown.

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