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Apart from stepping up efforts to analyze, evaluate and supervise financial innovation, regulators must follow the development trends and the level of impact of financial innovation to identify hidden risks in a timely manner and take necessary measures. At the same time, China's regulatory authorities should strengthen communication with their international counterparts to explore ways to improve regulation, shore up weak regulatory links, and continue to focus on the prevention and mitigation of financial risks, she added.

Apart from economic development, what progress in other areas have you witnessed in China in the past 40 years?

Apart from per capita income, the central government has introduced other criteria for shaking off poverty: being free of worrying about food and clothing, and having access to compulsory education, healthcare, safe housing and safe drinking water.

Another notable restaurant group that made its foray into Shanghai is Putien. The restaurant chain, which boasts having a Michelin star for its Kitchener Road outlet in Singapore, currently has seven branches in Shanghai. Renowned pork ribs soup restaurant Song Fa Bak Kut has also been steadily expanding its presence, with five outlets in prime locations.

Announced in October 2016, the deal was quickly denounced by Donald Trump, who as a candidate and later as president has been critical of Time Warner's CNN and its coverage.