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As someone with a research background, Tan says research is the "heart and soul" of Bocom International, and he'll see to it that integrity in research work does not give way to the profit-driven mentality of an investment bank.

As the latest negative list eases market access in a number of sectors, including the establishment of nursing homes and social welfare institutions, it will further open up the country's service industry to both domestic and overseas businesses, said Li Hongbiao, a senior researcher from the Revitalization Research Institute of Shenyang-based Northeastern University,

As the US dollar is still facing depreciation pressure, Sheng said the COVID-19 epidemic recovery offers an opportunity to accelerate yuan internationalization as several foreign investors are searching for financial products with steady value to avoid foreign exchange fluctuations. China, one of the countries that has controlled the pandemic at an early stage, has shown resilience in its economic recovery and the same will help strengthen its currency, he said.

As technology advances, the competence of new energy will continue increasing, and the development of wind and solar power will be even faster, he said.

As the world's second-largest economy, China had more than 65 million businesses run by the self-employed and 27 million private enterprises as of the end of last year. They employed around 341 million people.