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He noted that the country's capital market has remained resilient despite head winds from the COVID-19-related global recession, which has pointed to the overall health and depth of the market.

He noticed a rebound in purchasing luxury at home in the past two years due to a combination of exchange rates and relevant tax reforms the Chinese government introduced to spur consumption.

He declined to name the buyers, citing business confidentiality, but said both contracts had "considerable value".

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He hinted more special campaigns will be launched in cooperation with relevant departments and companies, including banks and telecommunication companies, to focus on fighting telephone fraud and other online crime.

He noted the company is poised to provide a solid supplement to offline events and he looks forward to partnering with the China International Import Expo, the country's top import-themed fair.

He believes the future of the Greater Bay Area bodes well for him, especially in the supply chain services for construction projects.

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He made the remarks during an interview with China Daily last week.

He encouraged ROK enterprises to take the opportunities of China's further opening-up and its economy moving to a high-quality development period to enhance cooperation with China and expand investment in China especially in the central and western parts of China.

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He called for the formulation of long-term plans to identify, train and promote outstanding young officials in a timely manner.

He held up hope that the local economy, which staged a quick rebound following the SARS outbreak in 2003 and the global financial crisis in 2008, will eventually recover, albeit slowly, if the SAR government views the next two to three years as a "buffer" period.