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"From this perspective, it shares some similarity with the efforts by other central banks around the world to help small businesses and employment during the coronavirus crisis, such as the Main Street Lending Program and the Paycheck Protection Program Liquidity Facility by the Federal Reserve in the United States," said Shan.

"Guangdong already has established close economic ties, and advanced air and sea routes with the rest of the world," Zhou said.

"Granting more access to foreign financial institutions can be our next incremental step of further opening up," said Zhu Min, economist and former deputy managing director of the IMF. "We have pledged to treat foreign and domestic investors equally in certain areas, and now a good time has arrived to take concrete steps."

"For our products, there are certain features that we develop in China that are very unique. Now, we want that for the rest of the world."

"Given China's growing demand for commodities from Africa, we expect the country will be interested in equity purchases, which will enable it to invest in the sector," he added. "This will help develop assets in Africa."