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"Foreign companies in China think the law will create a level playing field where everyone can participate," said Harley Seyedin, president of the American Chamber of Commerce in South China.

"For example, we are working very closely with David Beckham to create a new Major League Soccer (MLS) site," Orosz told China Daily. "So that would be one more attraction that the Chinese tourists will be able to enjoy when there are MLS soccer games being played in Miami."

"For an individual to become jun zi (a good person) in the sense of Confucianism, it means each individual has to achieve this for himself. Nobody can make you good, only you can do that. There is that individualism in Confucianism, too," said Angle, who believes that the US could use some Confucian values to address social issues.

"Fitch was the first international rating agency to set up an office in the country in Beijing in 1997, and we are among the first to position ourselves for the onshore rating business - having divested our Chinese joint venture earlier this year," added Li.

"Greater efforts will be made to support the Shenzhen Stock Exchange in deepening reforms and building a quality innovative capital center and a world-class exchange," Yan Qingmin, vice chairman of the China Securities Regulatory Commission (CSRC), said at a press briefing Sunday.