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As for Ping An Insurance, its valuation at 17 times reported earnings is still a third that of technology shares on the MSCI China Index, according data compiled by Bloomberg.

As facial recognition technology is widely used in many places in China, including shopping malls, office buildings and campuses, as well as mobile applications, "it's worth considering whether face recognition is really necessary in these situations as the data has a high risk of being misused", she said.

As a part of the 2018 Happy New Year celebrations held in Turkey, the delegation will pay a visit to Ankara. There they will hold another Chinese food festival at the Sheraton Hotel and organize lectures at local universities to promote Chinese gastronomic culture.

As a follow-up, the Union Parliament further formed another joint committee to study the 2008 constitution amendment draft bill, submitted by a parliament member group of the Union Solidarity and Development Party and military representatives.

As for the fiscal year 2019, the company's total revenues were 1.15 billion yuan, rising 86.6 percent year on year, while net income was 176.7 million yuan, a surge of 220.8 percent year on year.