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Another important topic will be the issue of waste. Areas such as on-demand manufacturing and supply chain process reengineering are worth exploring, said the BoF and McKinsey report.

Anyone even vaguely familiar with Amazon will understand the power of that simple statement, six words that could alter the course of philanthropy. It also signals that Bezos — known for his long-term problem solving and unconventional experimentation — is taking a big-time cue from Amazon.

Another indication that men have been playing catch-up with women in this market is evidenced by how the per capita consumption disparity for beauty products between the two sexes has narrowed to 13.7 yuan, down from 26.6 yuan in 2014, according to Chinese e-commerce giant JD.com.

Apart from disposing of noncom-pliant equities in an orderly manner, financial regulators and institutions should also strictly regulate related party transactions and curb controlling shareholders' behavior to prevent them from improperly intervening in financial institutions' business operations and violating the interests of small and medium shareholders, Guo said.

Answering a question from his Hong Kong counterpart on the prevention of a second wave of the epidemic, Zhong said the focus on the Chinese mainland and in Hong Kong should be on imported infections — a reference to travelers who bring the coronavirus with them.