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"Facing the constantly evolving blockchain technology, financial regulators have a tough job ahead, for we should consider making laws, rules and technical standards accordingly to step up regulation and prevent risks," he said at a forum on blockchain applications and investments held by the China Center for Financial Research at Tsinghua University School of Economics and Management.

"Due to a lack of credit history and collateral, micro and small businesses have suffered from a credit crunch due to higher costs, bigger risks and the discrepancy between supply and demand," said Li Dongrong, president of the National Internet Finance Association of China.

"Developments in Sino-US trade frictions may cause fluctuations in cross-border flows, but the influence should be limited as market participants have got used to twists and turns in trade talks," Liu added.

"Durable and environmentally friendly chemical products are a key enabler for the development of many downstream industries," he said.

"Different from the stage version or film version, this is a 'garden/court' version, which I believe has a special charm," said director Sherwood Hu.