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"Government moves to reduce business-related fees are crucial, because they will discourage companies from trying to avoid fees, and that will gradually build a business environment that more people will believe in."

"Foreign companies, including European ones, were part of the story of China's development, and we believe they will continue to be part of the successful story of China's development and win-win cooperation," he added.

"For deposits, Yu'ebao has appeared; for loans, there are numerous companies such as Ant Financial Service Group and JD.com; for payment, there are Alipay and WeChat Pay; for financing, crowd-funding has already drawn lots of attention; and furthermore, Fintech will overturn the insurance sector in a more 'ferocious' way," Zhu, also chair of the National Institute of Financial Research, Tsinghua University, told participants.

"Government departments should enact more effective policies and offer greater support in light of progress in actual implementation," Li added.

"Given they are in a minority, I would expect Trudeau to be much more focused on domestic issues and spend more time in the House of Commons, as they will need every vote they have to pass government legislation," Brodie added.