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"Due to a lack of credit history and collateral, micro and small businesses have suffered from a credit crunch due to higher costs, bigger risks and the discrepancy between supply and demand," said Li Dongrong, president of the National Internet Finance Association of China.

"Despite a lingering worry about the second wave of (the) pandemic, situations got better (in China)compared to other countries," said Piao.

"Even if the Hong Kong government taps its huge fiscal reserves for up to two years, it will not derail the city's economic growth prospects," said Jack Siu, senior Asia-Pacific investment strategist at Credit Suisse. "We are not worried about Hong Kong recording a budget deficit."

"Facebook's commitment to Farley expands our long-standing relationship and advances our vision for the Penn District, the new epicenter of Manhattan. Facebook's commitment is a further testament to New York City's extraordinary talent and reinforces New York's position as the nation's second tech hub."

"Even though we are starting to branch out to bigger areas, at a core, we are still a small, close-knit community - the majority have gone to school with each other. People who grow up here have become teachers, families know each other," he said.