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As China's financial hub, Shanghai has maintained its standing as a favored destination for investors by concluding the most cross-border deals in the country, a real estate forecast report called Emerging Trends in Real Estate Asia-Pacific 2020 jointly published by the Urban Land Institute (ULI) and PwC said.

As China's largest bank and the official RMB clearing bank of Singapore, ICBC Singapore will continue to work closely with SGX to promote Singapore's capital markets to Chinese businesses, Geng added.

Approval procedures for institutions providing integrated medical and elderly services will be simplified. Requirements for administrative approval and occupational registration will be combined for elderly care institutions to set up medical facilities below certain levels.

Armed with documents on control and treatment of COVID-19 in China, the team attended meetings at Malaysia's health ministry, and visited hospitals, labs and medical research institutes, and participated in videoconferences.

Aruba is a subsidiary of US-based information technology company Hewlett-Packard Enterprise. Steve Wood, vice-president of its Asia Pacific arm, said: "In the past year, the company's revenue climbed about 30 percent year-on-year to .5 billion globally. China had similar growth, fuelled by education and hospital sectors.