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Another speaker, Mickey Fulp of the website Mercenary Geologist, told SmallCapPower that the recent gold slide was merely a short-term liquidity event, as people wanted to raise capital by selling one of the most liquid assets available — gold. He remains long-term bullish on the precious metal's prospects.

Annual active consumers on its China retail marketplaces reached 636 million, an increase of 35 million from the 12-month period ending on September 30, 2018, according to the company.

Another mission for the PBOC, Ming said, is to drive the interest rate of corporate loans closer to the fund rate that banks borrow from each other, also known as the interbank lending rate. That means the one-year LPR this month may be at a lower level than in August.

Appearing at Juvenile Court of West Kowloon Magistrates' Courts, the boy was also given a clean record as criminal charges against him were dismissed by the court after his lawyer said the young offender had "learned an important lesson".

Apart from Fu's case, he is also involved in two other court cases.