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Hong Kong announced on Friday that its economy had contracted 2.9 percent in the third quarter, officially entering a technical recession which also spells the city's first year-on-year decline since the 2008 global financial crisis.

Ho said this is to free up space in quarantine facilities so that returning residents who are likely to have caught the disease can be better dealt with.

Hong Kong has accelerated its steps on developing fintech in recent years by promoting mobile payment and quick payment systems as well as encouraging establishing virtual bank, introducing fintech power from the Chinese mainland, releasing restrictions on non-financial institutions and promoting inclusive finance, All Weather TMT reported.

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His expectation is based on an evaluation of mutual benefits that all sides stand to derive from the initiative.

Hong Kong residents voiced their support on Sunday for the national security legislation put forward by China's top legislature, hoping it can restore peace in the city and free it from the street violence that put businesses and people's livelihoods in great peril.

Homes at the exclusive Presidio Terrace used to be sold to whites only until racial covenants were banned in 1948.

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Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor said on Friday that the groundwork for a health code system is well underway for people to travel to the mainland once the local outbreak is brought under control. In a system widely used on the mainland, a health code on one's cellphone verifies if the holder has been to high-risk areas.

His son, who works abroad and had no knowledge of the project, called him, asking him to rest well for better recovery and to avoid crowds to reduce risks of infection. Yuan said OK, but he knew the place where he worked was probably the most crowded area in Wuhan at the time.

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His post office not only provides tourists with commemorative stamps, cultural and creative products, local specialties and tourist souvenirs, but they can also write letters and postcards to the future, which can be sent in a year, a decade, or any time the sender wants.

His company is trying to solve the needs for higher-growth yields, food safety and conservation of resources with its aeroponic (soil-free) systems.