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As a representative of China's private companies, Li said China's ongoing industrial upgrading boom will push innovative companies to seek bigger space in the market.

As a result, the company's sales have fallen drastically. Last year, it sold just 230 ATMs, a year-on-year decline of 89 percent.

As a kind of distributed accounting technology using cryptography, blockchain technology features low transaction costs, strong privacy protection and data that cannot be tampered with, said Hao.

As chairman of the two listed companies K Wah Group and the Galaxy Entertainment Group, with a combined market capitalization of over HK9 billion (.9 billion), he is now Hong Kong's third wealthiest individual. Lui's financial success has enabled him to benefit society and serve the community, motivated by the quest for peace and education that he was denied in wartime.

As drastic ups and downs in China's money and credit data within the first two months have sparked discussions on the reasons for this, the central bank issued an explanation on Monday morning, saying that robust financing activities have well supported economic growth so far this year.