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And the figure for October is expected to see a year-on-year increase of 29.5 percent, the company said on Nov 3.

Angela Chao, daughter of the renowned Chinese-American entrepreneur Dr. James S.C. Chao, who founded the Foremost Group, received an honorary award on Wednesday in New York with other Asian-American business leaders for contributions to the global economy.

An official with the preparatory committee said they might welcome hi-tech industries such as 5G communications, bio-medicine, artificial intelligence and internet finance industries.

Analysts said technologies will help to handle risk exposure amid rising fintech adoption around the world, and regulation will also take advantage of technologies in the sector.

Analysts attributed the slowing profit growth to economic slowdown, and believe the country's debt-for-equity swap policies and enhanced government regulation helped improve their bad loan management performance.