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Amidst the dwindling customer footfall, Italian fashion house Prada plans to close its 1,393-square-meter store at Plaza 2000 along Russell Street in Hong Kong's Causeway Bay district when its seven-year lease expires in June 2020.

Among the "three tough battles" ahead, averting financial risks is a major focus expected to back China's economic transformation, with the role of the market to be highlighted in efforts to reduce financial leverage.

Amitabh has been a prominent figure in the fight against the coronavirus, appearing in public service advertisements where, in his trademark baritone, he urges people to wear masks, wash hands frequently and maintain social distance.

Ambassador Yang also noted that an increasing number of local students are coming to study in China as both countries speed up cultural programs. More Brunei professionals are also making trips to China.

Among the opening-up measures, China will expand the business scope of foreign banks and impose no restrictions on the scope of joint-venture securities companies.