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As of the end of November, the quota in the RMB Qualified Foreign Institutional Investors (RQFII) program came in at 642.67 billion yuan ($ 92.56 billion), according to the State Administration of Foreign Exchange.

As part of their broader cooperation, Booking Holdings has also invested 0 million in Didi, which is accelerating steps to explore overseas markets this year and aims to take on its arch rival Uber Technologies Inc in the international arena.

As one of the most important markets for Mercer, China has outpaced other markets in growth. Portalatin said he is confident of Mercer's development because the company has laid a solid foundation for accelerated growth. "We see the China market continue to evolve, continue to grow, continue to give us opportunity for the future," he added.

As part of this partnership, three Michelin-starred chefs in Shanghai have been commissioned to create nine recipes using imported foods sold on Tmall such as New Zealand salmon and Australian wagyu beef. Supported by instructional cooking videos, the recipes have been specially designed for the country's young and tech-savvy households who value home cooking as a healthier, instead of cheaper, alternative to eating out or ordering in.

As people's incomes increase, the demand for healthy food, healthcare products, and creative cultural goods is showing rapid growth, and imports in these fields will meet such demands, Li said.