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"Global institutional investors are currently underweighted in Chinese assets. As the importance of China's economy and the yuan increases, adding positions on these assets will become the norm for foreign funds," said Fang Xinghai, vice chairman of the China Securities Regulatory Commission.

"Hainan is building a free trade port as well as becoming an international tourism and consumption destination," said Wang Jiansheng, chairman of the Hainan Tourism Development Research Association. He said that under the new duty-free policies, duty-free shopping has become the biggest highlight of the destination.

"Go-Yunnan," an online travel platform, has launched more than 1,400 live feeds allowing people to enjoy the beautiful scenery of Yunnan from home. "Online tourism, or 'cloud tourism,' as a new mode of tourism, helps scenic spots attract more tourists and aids the recovery of Yunnan's tourism industry," said Yang Wenwen, head of the platform's content operation.

"Further opening up the banking and insurance sectors is not only essential for the development of Chinese economy and finance but also is conducive to enriching market entities and stimulate market vitality," Guo said.

"Foreign enterprises want a good price (through technology transfers) in forming joint-venture enterprises with their Chinese partners. It's voluntary."