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As more industries undergo disruptive change driven by technological advances, increasingly dynamic customer expectations and fierce competition, innovation has become an existential imperative - and it's critical to have the right leadership in place to drive change throughout the organizations, the report said.

As of the end of last year, the Chengdu branch of CIB had provided green financing to 370 clients, and the outstanding green finance had exceeded 20 billion yuan, up by nearly 40 percent year-on-year, said Ye Xiangfeng, president of the bank's Chengdu branch.

As of June, China owns long-term US treasury securities of .14 trillion and 2.35 billion short-term securities.

As of May 5, VC-backed Asian tech companies raised .3 billion in 458 deals this year, according to CB Insights. On a quarter-on-quarter basis, funding more than doubled in the first quarter and the deal count crossed 300 for the first time since the first quarter of 2016.

As part of heightened efforts to contain the outbreak, Shanghai has since March 28 required all passengers from places outside the Chinese mainland to undergo a 14-day quarantine at designated locations in the city.