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"China and Panama have a historic responsibility to champion free trade or free access to the markets," he stressed.

"Chile and the People's Republic of China have worked unremittingly together to overcome the consequences of the pandemic, reflecting the long and deep friendship between the two countries," the president said.

"China is making its own business innovations over the past decades. Umpteen businesses, such as online education and food delivery companies, are emerging in the country every day," said Liu Chang, founder and CEO of 17Edtech.

"By putting the funds into special accounts designated by the central bank, the payment firms can no longer earn interest on the reserved funds. Meanwhile their bargaining power with banks will be greatly affected," he said.

"China could develop the new board's primary market into a national platform, facilitating private equity funds' investment in tech companies, before they go public on the board," Xue said.