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Apart from Fidelity, asset management giants BlackRock and Neuberger Berman have also declared goals of establishing mutual fund subsidiaries in China.

Another 470 billion yuan of reverse repos will mature this week, according to financial information provider Wind Info.

Another crucial step is to make a comprehensive transformation in risk management, especially by stepping up post-loan portfolio risk management, enhancing risk warning capability, accelerating bad assets disposal and helping corporate clients restructure, Qu said.

Anta's e-commerce business offers more exclusive products, Ding said. During the Singles Day online shopping festival on Nov 11, Anta notched up e-sales of 670 million yuan, up 66 percent from 11-11 of 2016.

Another man, Zhao, 81, a local resident from Guangzhou who didn't want to give his full name, told China Daily: "I have seen Kwok often on the street. I need to pay tribute to him."