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As one of the influencing factors, the ongoing trade negotiations between China and the US will continue to affect the yuan, Taylor said.

As of Sunday, more than 2.5 million people in the US have been infected with the coronavirus and at least 125,700 have died, according to data compiled by Johns Hopkins University.

As part of the good relationship between the two emerging markets, bilateral meetings of leaders have been frequent, including Putin's meeting with President Xi Jinping earlier this month during a trip to China to attend the Belt and Road Forum for International Cooperation in Beijing.

As long as the United States and China, whose economic relationship remains the most consequential in the world, "do not get into a trade war or some pattern of mutual recrimination," both sides and the rest of the world will benefit, Shatz said.

As his family business expanded, the 45-year-old Hong Kong businessman proposed in early 2017 to build a platform to help more people from the special administrative regions of Hong Kong and Macao start up their businesses on the mainland.