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As a business leader, he deplored any xenophobic act or sentiment against Chinese arising from the epidemic.

As founding members, ICBC and the other 27 banks drafted the PRI after a yearlong discussion process, and they are now inviting other banks to join. The 28 founding banks come from both developing and developed economies, including the likes of France's BNP Paribas, the Netherlands' ING, South Africa's Standard Bank and the Kenya Commercial Bank.

As a result, even though some countries do not buy products directly from Huawei, they still use the essential patents of Huawei, and share in the benefits of the technology Huawei creates, the company added.

As for the second, China's A shares historically have exhibited low correlations with the rest of the world. From December 2008 to April 2019, the MSCI China A Index's correlation to the MSCI ACWI Index, MSCI's flagship global equity index, was roughly 40 percent, much lower than any other major MSCI regional indexes.

As a strategic investor, Tencent said it is poised to help Flipkart deliver "compelling" experiences to Indian users in e-commerce and payments, as the Chinese internet giant moves beyond the traditional realm of gaming that has found a strong presence in the region.