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As the largest offshore yuan center, Hong Kong currently has a pool of more than 670 billion yuan (0 billion), most of which, however, is illiquid.

As this year marks the 30th anniversary of the establishment of diplomatic ties between China and Singapore, the China-Singapore relations are at a new historic starting point, Yang said.

As the business segment for digital services has been further enlarged by growing market demand, cross-industry integration and supportive government policies in China, KPMG and California-based Coupa Software Inc are counting on this boom in the country to maintain robust growth.

As well as attracting tech firms, the STAR Market is performing a role spearheading registration-based reforms such as those relating to market-oriented share pricing, market data show.

As the second largest economy contributing roughly 30 percent of global growth, China has sailed in the uncharted waters to address tough reform tasks, shifting into a consumption-driven economy and implementing a supply-side reform to achieve green and sustainable development.