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Among that sum, 450 billion yuan will be used to pay back commercial bank borrowing through the Medium-term Lending Facility, which will expire on Oct 15.The move is intended to supplement liquidity in the financing system without monetary easing or massive economic stimulus, a spokesman from the central bank said.

Among the 26 mainland TMT companies' IPOs in the first half, 12 companies chose to list in Hong Kong and overseas, accounting for 46 percent of the total.

Among the overseas talent pool, about 70 percent are Chinese who have studied abroad; 30 percent are foreigners.

Amazon’s sales rose 26% in the first quarter as the COVID-19 crisis made the online retailer an even bigger part of many lives, but profits were down 30% due to expenses from dealing with the virus. Amazon CEO Jeff Bezos gave a clear message to shareholders, saying they “may want to take a seat,” because there are big challenges ahead and they won’t be easy or cheap to overcome. The company says it will spend billion this quarter on initiatives related to the pandemic.

Amazon’s robotics group is developing Prime Air drones that can deliver packages, but it’s also working on projects aimed at coping with the coronavirus outbreak. (Amazon Photo / Jordan Stead)