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"Further decline of investment and consumption in July means policies need to be adjusted at a quicker pace," said Liu.

"From June 2019 until now, there have been over 1 000 public demonstrations, processions and public meetings in Hong Kong. Unfortunately, many ended in violent and illegal confrontations, including reckless blockage of roadways, throwing of petrol bombs and bricks, arson, vandalism, setting ablaze individual stores and facilities of the Mass Transit Railway and Light Rail, and beating people holding different views, etc. All these have seriously endangered personal safety, public order and public safety. The Police have been carrying out enforcement actions in strict accordance with the law in order to protect life and property and restore order to society. The Police have in place prudent and stringent guidelines for the use of force. Police officers will only use appropriate force when it is necessary. Such force is used in response to the prevailing situation, and the place and the level of force used depend on the level of violence committed by rioters and the circumstances at the scene. If members of the public could express their views in a peaceful and rational manner, there would be no need for the Police to use any force.

"For some of my students, it was their first time to join in such a performance, but none of them complain about the laborious rehearsals in their spare time after school," Chen said.

"Financial reporting quality of overseas listed Chinese firms has improved substantially in recent years. It is nearly impossible to see a rather large batch of Chinese firms face short sell attacks as we saw in 2010 and 2011," said Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Science and Technology.

"Following the reform of ChiNext, the registration-based IPO system will be implemented, mainly targeting fast-growing innovative startups. To a certain extent, it fits in with the development needs of the new economy and new infrastructure," Yang added.