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"China took the lead in calling for and supporting the extension of the Debt Service Suspension Initiative," said Liu.

"Citi China's FMDB license is a piece of welcoming news for many of our QFII and RQFII clients," said Harry Peng, managing director and head of prime, futures and securities services for Citi China. "We are in a unique position – as the only American bank who can offer a complete solution to international investors to invest into China, whether it's equity or fixed income, directly (QFII, RQFII and CIBM direct scheme) or via Hong Kong (Stock Connect and Bond Connect), end to end, from sales, trading, research to custody, clearing and settlement. We have the full licenses and capabilities in China on the ground."

"Considering the two accidents took place when newly delivered Boeing 737 Max 8s went down just minutes after taking off in less than five months, they have some degree of similarity," the administration said in its statement.

"China's large and rapidly expanding market, combined with its complete industrial system, high-quality infrastructure and deepened opening-up policies, are all huge attractions for foreign capital. While many industrial chains were hit by the pandemic, the resilience of the supply chains will top the company's global mapping agenda and prompt adjustments," said Kang.

"China's artwork market develops fast. It is no exaggeration to say that insurance for fine arts is in high demand."