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As new capital has been injected into the two funds - the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) and the SME Export Marketing Fund (EMF), the funding ceilings for each enterprises will be doubled to 4 million Hong Kong dollars (about 510,000 US dollars) and 800,000 Hong Kong dollars respectively and the ratio of initial payments will also be significantly improved to 75 percent.

As of Tuesday, the United States has reported more than 1.5 million confirmed COVID-19 cases and over 91,000 deaths, according to Johns Hopkins University.

As part of the revitalization project, 50 time-honored brands, most of which have been around for more than half a century, will be selected to undergo upgrades before being reintroduced to domestic shopping spots like tax-free shops, train stations, airports and pop-up stores at prime locations.

As one of the sections under this year's Boao Forum for Asia Annual Conference, the Media Leaders Summit emphasized the role of media in promoting cooperation and globalization. Long Yongtu, former secretary of the Boao Forum, said that media and forums are "natural friends". Long said the forum provides new ideas and new information while the media promotes the influence of the forum and spreads it to the world.

As of Sunday afternoon, the Center for Systems Science and Engineering at Johns Hopkins University reported 35,475 coronavirus deaths in New York State, the worst in the country.