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As of the end of 2017, there were 1,013 units of overseas banks in China, increasing at an average annual growth rate of 13 percent over the last 15 years. Their total assets grew more than tenfold from 2001 to 3.2 trillion yuan (1 billion), according to the China Banking Association.

As of Thursday afternoon, there were 328 people in the state confirmed to have contracted the new coronavirus, which causes a sometimes deadly respiratory disease called COVID-19. A minority of those people have been hospitalized, but so far no deaths have been reported in New York.

As of Sept 3, overseas investors held a total of 2.01 trillion yuan worth of A shares via the stock connect program between the Chinese mainland and Hong Kong, taking up 3.28 percent of the A-share market's total value, Fang said. Their position would be as high as 4.69 percent if their investment via qualified foreign institutional investor and qualified domestic institutional investor mechanisms were counted.

As of last month, yuan-denominated new loans rose by 13.1 percent from a year earlier, down by 0.1 percentage points in August, the PBOC said. New loans have increased by 11.16 trillion yuan in the first three quarters, up by 998 billion yuan from a year earlier. Nearly half the amount was borrowed by households.

As one of the first entrepreneurs to look into the new energy sector, Lu kick-started Wanxiang's deployment in this sector in 1999. Late last year, Wanxiang obtained approval from the National Development and Reform Commission to become a qualified electric vehicle-maker.