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Anbang, known for a string of high-profile overseas acquisitions, including its purchase of New York's famed Waldorf Astoria hotel, has been investigated by the regulator since last June.

And, he's not far off the mark. It was indeed his innovation for knowledge and success that prompted Chang — one of Hong Kong's financial services top brass — to quit the trust business arena where he had made his name and tap into the mutual fund market, joining Franklin Templeton's Hong Kong office some 18 years ago.

And because of her love for kids, Razon said she enjoys teaching Chinese children. "It is fun talking to these cute children. There is excitement. There is enthusiasm. Their eagerness to learn, their innocence, and positivity affect me in a good way," Razon said.

Analysts said that by prioritizing quality, China is set to deepen structural reforms, promote the job market, raise people's incomes and enhance environmental protection to try to make growth more sustainable.

And like other megalopolises in China, Chengdu and Chongqing need to tackle regional administrative barriers. Local governments need to set up joint conference work mechanisms and work plans to coordinate development and resources.