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"Development of the domestic market is key to forging a new path while further opening-up is needed to engage with international markets. BRI markets are core components in both scenarios," Chen said.

"Every single company at the board level needs to consider the ESG risks, they need to tell the investors how they will manage the ESG risks and how they will be mitigated, as well as the plans and targets," said Ng.

"Even though supervision has been bolstered and the number of bikes is decreasing, there is still robust market demand. Startups could avoid the dilemma that Ofo faced through rational management."

"Even though relatively speaking in terms of growth numbers, we are doing better than advanced economies, but the real heavy burden is the same to the Asian economy, especially for those who are unfortunate," he said.

"Electric mobility will be one of the biggest game-changers in the decades to come, and China clearly intends to lead the way," said Hubertus Troska, a board member at Daimler AG, responsible for China operations.