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"China has surged to 14th place on the list of the Global Innovation Index 2019 released by World Intellectual Property Organization in July, 21 places higher than the year of 2013, thus becoming a leader among the world's mid-income economies," Shen said.

"Cancellation of the limit will attract more foreign banks, especially those that are small or medium-sized, which will enrich our market entities," Dong said.

"China has reduced tariffs on goods such as cars and daily necessities since the beginning of this year, and is working with countries around the world with an opener attitude, said Li Xunlei, chief economist of Zhongtai Securities. "These all provides a good external environment for the high quality development of Chinese economy," he added.

"China is now the world's second-largest economy. China has lifted more than 700 million people out of poverty and it has built the world's largest network of basic pension insurance system, which has covered more than 900 million people, and a basic health insurance system covering 1.3 billion people."

"By combining WorldFirst's award-winning currency account, international payments and currency exchange products with Ant Financial's range of financial technology solutions, we will advance our shared aims of building the best global platform for international trade and bring fast and affordable services to individuals, small and medium-sized businesses and online merchants around the world," Quin wrote.