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As to whether the committee will have regular work meetings and whether a detailed disclosure mechanism will be available are subjects for further discussions, they said.

As the top online retailer in the U.S., Amazon has become a key player in the COVID-19 outbreak that is driving a spike in online shopping as thousands of people avoid leaving their homes. The company is responsible for 38.7 percent of online sales in the U.S.,?according to eMarketer. Walmart is second with 5.3 percent.

As to the white-hot Sino-US trade disputes now on everyone’s mind, Zhang said it might be a US tactic to win more bargaining power in future trade talks.

As the ETF is designed to track the progressive partial inclusion of China A shares in the MSCI Emerging Markets Index over time, it will provides an excellent building block for investors to future-proof their portfolio using one single share, said Joseph Molloy, head of Index and Systematic Equity Portfolio Management, HSBC Global Asset Management.

As the United States enters the last full week before its presidential election with COVID-19 being the dominant issue, much of the country is facing an unprecedented surge in coronavirus cases.