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The central bank started to research digital currencies and electronic payments in partnership with some companies back in 2017.

The central bank has been trying to refrain from excessive tampering with the currency, and some temporary regulations concerning capital outflows have been halted as the economy retains its resilience to cope with external challenges, Guan added.

The city's emergency rescue center also dispatched six ambulances equipped with intensive care units to the site, said Wang Xudong, deputy director of the Tianjin Health and Family Planning Commission.

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The city currently has 8,000 charging poles installed.

The center is operated by Shanghai Yuanshi Environment and will work as a biotechnology demonstration area.

The central bank said it aimed to offset the impact on market liquidity from tax payments and maturing MLF later this month, and meet the seasonal liquidity needs of banks near the year end.

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The central bank has issued monetary actions of 9 trillion yuan this year to tackle the COVID-19 pandemic, while enterprises may save 1.5 trillion yuan this year through the timely measures enacted by companies to boost the real economy. During the first 10 months of this year, financial institutions saved enterprises around 1.25 trillion yuan, said the report.

The city-state has kept its borders largely shut for most of 2020 and won international plaudits for its handling of the virus.

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The city received over 20 million visitors from home and abroad on the first four days of the seven-day holiday, according to the Chongqing Culture and Tourism Development Committee.

The central government has also increased support for the program, including providing 6 million yuan (0,000) annually since 2016 to help the Data Bank of Chinese Hematopoietic Stem Cell Donors maintain current contact information of registered donors.