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Another 476 billion yuan was added in December via the medium-term lending facility, a tool introduced in 2014, and 65.9 billion yuan was lent to three policy banks including the China Development Bank.

Another heavyweight cross-border e-commerce player NetEase Kaola has pledged to procure 3 billion euros (.73 billion) worth of goods from Europe over the next three years.

Anren county, where the economy relies on agriculture, got rid of the title of "national-level impoverished county" just last year. Like many other such regions, where people are still struggling to improve their livelihood, music education seems like an unaffordable luxury.

Apart from the pensions, they also share out a year-end bonus from the village, which was 10,000 yuan last year. The average income of the 875 villagers reached 62,500 yuan in 2019, which exceeded that of the urban residents of Suzhou, one of the most developed cities in China.

Anticipated D-share listings by domestic companies appear to highlight the desire of Chinese regulators to broaden the fundraising channels for the former.