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"China overtook Japan as the world's second-largest economy in 2010. It was only a matter of time before one of the Chinese financial centers overtook Tokyo," he said.

"China is also developing fastly in technology and it has also big markets," said Shamir, who is also the managing partner of Catalyst Funds, one of the organizers of the two-day conference.

"China is doing well. We have been growing a lot here ... We are very happy with the performance we have seen in this market and it is still early in its development. We have only been serving this market directly from the US for the last 10 years and so it takes time to build a more profitable franchise," said Bastian.

"China may only initiate major monetary stimulus in the event of a drastic exacerbation of the external environment or a considerable slowdown in economic growth," Tang said.

"China has entered a new era of consumption. Chinese consumer market is being reshaped, especially by the middle and affluent classes with strong purchasing power.