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The number of fintech companies, especially third-party payment processors, that enter the European market, keep rising because Europe has higher standards for personal privacy protection and information safety than any other continent. Many companies believe that once they successfully enter the European market, it will be easier for them to enter other markets. Emerging fintech companies are using Citi's platform to help merchant clients expand their business overseas, collect cross-border payments, and send the money back to their bank accounts in China as quickly as possible, and settle a payment in renminbi at the best exchange rate, Zhang said.

The number of certificates required for cross-border commerce will be reduced, and a mechanism enabling importers to declare their goods in advance also will be implemented, she said.

The number boomed during the past five years as the government stepped up effort to loosen restrictions on business registration. Business entities jumped 70 percent from 2012 to 2017. Fifty thousand new entities are registered each day.

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The official result is expected to be announced by the General Election Commission by May 22.

The office added that the shop owners had ignored directives to reinforce the signboard ahead of the upcoming typhoon and flood season.

The number of people in emergency shelters was expected to swell to 20,000 across five states by Friday, said Brad Kieserman of the American Red Cross.

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The official also says the US is working with other Middle East countries to increase production so the global oil supply isn't harmed.

The officer, who declined to be named, said a special task force was set up after police learned that a gang headed by a resident surnamed Hu had leased a warehouse as a printing facility in Zhongshan in March.

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The official said the draft version is expected to be submitted to the State Council for review by the end of this month.

The officer pointed out that according to public information, the group has always agreed that the SAR's independence from China is a possible option for self-determination, which contradicts the Basic Law.