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"Economic growth may be sustained, albeit at a slower pace, due to the high-base effect. We'll also continue to monitor external uncertainties, including the growing protectionist tide that will hit trade activities, and global monetary tightening which may curb private investment," said Carie Li, an economist at OCBC Wing Hang Bank — a subsidiary of Singapore-based OCBC Bank.

"Everyone in the industry seems to be anxious at the moment. Each time there is news about a scandal or a business shutdown, it is a blow to investors' confidence. A single case could lead to a chain reaction that causes liquidity risks for platforms including well-established ones," said an executive of an online lending platform who asked not to be identified.

"During the crisis, the stability of society is more important than ever. Besides telecommunications, the daily supply of electricity and other utilities are also essential to battle the virus," said Raymond Wang, a partner at consultancy Roland Berger.

"Everything is so expensive now, and it's difficult to find a parking space," said Hong, who has run the shop for 25 years on Stockton Street.

"Facebook's privacy scandal shows that some US technology companies sacrifice their users' interests to meet the demands of political intervention and manipulation both at home and abroad," said Shen Meng, director of boutique investment bank Chanson & Co.