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Chang linked this possible trend to China's Belt and Road Initiative and noted that its advent had led to a "new stage of globalization".

Capital account opening is on the schedule of the country's overall economic reforms. Monetary authorities and financial regulators are designing the key measures to promote capital account opening in the next five years, Lu Lei, deputy head of the State Administration of Foreign Exchange, said at the Global Asset Management Forum in Shanghai on Saturday.

Charlie Liu, partner of Heidrick & Struggles, a global HR management consultancy firm, said: "The motives of Chinese companies going global are diverse. They want to expand business, learn other technologies or avoid trade barriers. And human resources always play a key role among other elements."

Championing globalization

Chef Leo Leung.[Photo provided to chinadaily.com.cn]