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Ant Financial Services Group has appointed Simon Hu, former head of Alibaba Cloud, as its president, the latest follow-up in Alibaba’s organizational restructuring announced three days ago.

Announcing the details on Tuesday, Secretary for Food and Health Sophia Chan Siu-chee said the anti-coronavirus curbs have to be tightened because gatherings did not notably decline after the last round of rules took effect. She appealed to residents to reduce gatherings during the Christmas holidays.

Apart from offering project loans and working capital loans, commercial banks are stepping up support for green companies and projects that are engaged in energy conservation and environmental protection through bond issuance and innovative financial products.

Antonio Villafranca, research coordinator and co-head of the Italian Institute for International Political Studies' Europe and Global Governance Centre, said when the coronavirus outbreak hit Europe he and his colleagues were asked by European governments to look at economic remedies.

Another key indicator of financing activity－aggregate social financing－rose by 10.7 percent in March, the highest rate since September 2018 and higher than the previous peak of 10.42 percent in January, it said.