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"Foreign liquor makers should prioritize category promotion rather than brand promotion so that they can 'implant' whiskey, brandy, and other similar brand categories in the minds of consumers," Xiao said.

"First, there are many leading and influential internet companies in China, who are very actively working on the intelligent connected vehicles, and second, Chinese consumers are very open to new technologies."

"For well-educated adults, they know what precisely they lack and which curriculum they want," said Song Jianhong, president of Hujiang's online classes division Hujiang Online Class. "So our offerings (courses) have to be very practical, efficient and effective."

"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.

"Global buyers have shown great interest in participating in the fair, although the global economy is still in a downward trend due to the COVID-19 pandemic," said Xu.