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"For example, in 2003 we had an agreement in Uruguay whereby China's second-largest fishing company, Shanghai Fisheries, brought fishing vessels to fish in Uruguay," he recalled.

"Financial institutions from both sides would like to do more business all around the world, including in each other's economy," Mann said. "Having more access and more ability to do business in either side's market is an advantage for both sides."

"Generally, market sentiment and cross-border capital flows were stable, despite some vulnerabilities in global capital markets," E said.

"Financial regulators' tolerance of higher NPL ratios for SME loans will also motivate commercial banks' lending," he added. "The challenge is how to precisely assess SMEs' financial risks and to prevent fraud based on limited information. Utilization of big data and advanced technology such as AI may be the key."

"Government agencies, in fact, have taken some measures and made some rules in the past few years to maintain order in the development of new technologies. But it's not enough, and the situation needs to be adjusted in a systematic manner," he said.