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Analysts said the lower mortgage rate will bolster the confidence of homebuyers, especially those eager to buy homes to move in.

Analysts agree that the adoption of the registration-based system on a wider scale will make it easier for companies to be listed and help steer the capital market to shore up the real economy.

And last month, an industrial strategy white paper committed the government to spend 2.4 percent of GDP on R&D by 2027.

An onlooker said the murder followed a financial dispute, but that could not be confirmed. The police said the case is under investigation.

And the products sold at the port's boutiques and in nearby areas will be upgraded. The idea is to boost coordinated growth of leisure cruises and city tourism, according to the local government.