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As the competition heats up, Amazon and Google have?recently expanded?their?catalogs of smart speakers. In September, Amazon announced a next generation Echo, a new smart home-focused Echo Plus and more.

As the Chinese economy adjusts to a "new normal", international financial institutions are facing a series of external challenges－from economic restructuring to low interest margins and digitization. On the other hand, these trends also present opportunities to the entire banking industry, Lam said.

As the company explained, most of their recruitment this year will take place in the operations departments such as brokerage and asset management. Online or phone interviews were taken during the coronavirus outbreak and nearly 10 positions had been filled by the beginning of April. By the end of this year, the company's headcount will reach 200, up from 120 at present.

As the UAE attaches high importance to technological development, a string of Chinese companies have partnered with local government agencies and enterprises for cooperation. Chinese ride-hailing platform Didi Chuxing has inked a cooperation agreement with Abu Dhabi Capital Group.

As the NDB has received AA+ ratings from international credit ratings agencies, it enables the bank to mobilize financing from global and domestic capital markets at competitive rates, he added.