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"China has the potential to become a world leader in three areas supporting the development of artificial intelligence－data, computing capability and algorithms. Besides, as the market size for internet and information security is expected to see a 10-fold increase, many Chinese practitioners in these areas will take this opportunity to start their own business," he said.

"China is of strategic importance to Standard Chartered. We are honored to be the first international bank to be granted this license," said Bill Winters, group chief executive of Standard Chartered."China is already being recognized as a major financial market. We are excited to be part of this process as we work closely to support our clients in their custody needs."

"China is becoming, or already is, one of the global forces in the global economy. We are always trying to refine how we relate to outside investors, especially large investors. So I think China, Japan and India are three major targets that we're trying to talk with all the time," Hickenlooper said.

"China needs to speed up the development of digital currency supervision and sovereign digital currency issuance mechanism," said Li, who is also head of the blockchain research working group at the National Internet Finance Association of China.

"But the application of 5G in mines is still in a nascent stage, with the technology chiefly used to monitor mining situations and the health of employees working underground," Yao said.