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"Good hearts, helping and sharing－that's how our ancestors survived. Their wisdom will be cherished and carried forward," Li said.

"For almost three years, Xinjiang has not seen a single terrorist attack," Chen said, calling it China's contribution to the global fight against terrorism and radicalization.

"For these cities, there is no longer a need to suppress real demand. These moves are not interpreted as signals of 'relaxing' but as natural responses to new conditions," she said.

"Having Mark as the CEO of China brings the best of JPMorgan to this market," said David Li, JPMorgan's senior country officer for China unit, who will also become a vice-chairman of global banking. "I look forward to working closely with Mark as JPMorgan China enters into the next phase of investments."

"Firms offering online services, such as gaming, education and e-commerce, are likely to see a strong pickup in their business, given that people are staying at home and spending more time on their phones," she said.