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"China is a key and huge market for UBS, and the further opening-up of China's financial sector represents great opportunities for our businesses, including investment banking, wealth management and asset management," UBS said.

"But, certainly, we see the tremendous amount of opportunity and growth on a long-term basis. So, it would not deter us from our investment here in China."

"China Construction Bank Corp has already established a wholly-owned fintech company. Other banks may follow in its footsteps," Cao said.

"China is now back into the second position right after the North American market," said Mueller-Oetvoes in a recent interview with Xinhua.

"But the government should put forward specific measures to avoid increasing the burdens of private companies, especially those small and medium-sized ones.