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"Citi China's FMDB license is a piece of welcoming news for many of our QFII and RQFII clients," said Harry Peng, managing director and head of prime, futures and securities services for Citi China. "We are in a unique position – as the only American bank who can offer a complete solution to international investors to invest into China, whether it's equity or fixed income, directly (QFII, RQFII and CIBM direct scheme) or via Hong Kong (Stock Connect and Bond Connect), end to end, from sales, trading, research to custody, clearing and settlement. We have the full licenses and capabilities in China on the ground."

"Commercial banks should not overlook the importance of digitalization, including fintech and big data, with which they can advance the transformation of their retail banking business," he said.

"Chinese consumers' tastes have changed compared with 20 years ago and they want to try something different now," said Sergio Pavon, an international relations officer at the EU Commission.

"China's economy will not suffer from a hard landing next year," said Yang Yiyong, director of the Social Development Research Institution, part of the National Reform and Development Commission, a top economic regulatory body.

"Compared to road transport, the trains are much faster and can help save costs for the companies," said Zhang Haixia, chief operating officer with Xinjiang Hongyunda international freight transport agency.