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"Facing the increasingly competitive global economy, it needs to consolidate Hong Kong's competitive strengths including free and open market principles, good law traditions, efficient public sectors and stable systems in a bid to improve the metropolitan city's competence in the long run," Chan said.

"Defund the police", a rallying cry from protesters angry at George Floyd's death in Minneapolis police custody two weeks ago, seemed to have hit a wall at the White House and on Capitol Hill on Monday, as Democratic lawmakers proposed sweeping legislation to combat police violence and racial injustice.

"Digitalization is the most ideal option for companies to realize rapid development, improve competitiveness and resolve current difficulties," said Wang Xin, a partner of Roland Berger in the technology, media and telecom section. "Either willingly or not, a company in transformation has to meet all kinds of challenges or opportunities."

"Equally, we don't want to build a new wall in terms of trade, and we don't want to build a new wall in terms of technology either. We need an integrated global ecosystem which can help us to promote faster technological innovation and stronger economic growth. Ultimately, it is what we have to rely on in order to maintain prosperity for human society," Hu said.

"Even though many parts of the world are still having troubles with unilateralism and trade protectionism, China and the five-nation union have reached broad consensus on Eurasian economic integration," he said.