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"China is committed to promoting the financial sector's opening-up, including lifting the equity cap for foreign financial institutions and providing a level playing field for domestic and foreign financial institutions," Yi said.

"By the end of 2017, all central SOEs, except financial and cultural ones, will be registered as limited liability companies or joint-equity corporations in accordance with the Company Law, which will accelerate the establishment of an effective and balanced corporate governance structure, based on their legal person status, as well as a flexible and efficient marketized management mechanism," the plan said.

"China is one of the most important investment destinations for Temasek, and we remain optimistic on China's trajectory in the medium to long term," said Wu Yibing, head of China, Temasek.

"China has not yet launched a unified framework for regulating systemically important financial infrastructure, but efforts are being made toward this direction," said Yin Zhentao, a researcher at the Chinese Academy of Social Sciences' Institute of Finance and Banking.

"China has wonderful new courts, very experienced and knowledgeable judges. They have many important policies moving towards a stronger IP system," Rader said. He said both the US and China should work things out so that "Huawei can go back to doing business as it should.