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"China has recovered from the COVID-19 pandemic in an exceptional manner. We have seen the quick recovery of the Chinese economy and the many industries that we serve. In our segment, the Asia-Pacific region has remained largely positive in the third quarter, driven by the continued strong demand in China," he said.

"China has not yet launched a unified framework for regulating systemically important financial infrastructure, but efforts are being made toward this direction," said Yin Zhentao, a researcher at the Chinese Academy of Social Sciences' Institute of Finance and Banking.

"By putting the funds into special accounts designated by the central bank, the payment firms can no longer earn interest on the reserved funds. Meanwhile their bargaining power with banks will be greatly affected," he said.

"China and ASEAN countries interconnect both geographically and culturally. China attaches great importance to the cooperation with ASEAN.

"China is the only economic power in the world expected to realize growth in the world in 2020," the newspaper said, citing the latest World Economic Outlook update by the International Monetary Fund, adding that the public opinion in the international community widely backed such inspiring confidence.