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"Foreign investors put more value on structural changes in the China market rather than the size and growth potential of the market. In addition to the appeal of China's capital markets, the launch of a registration-based initial public offering system and new rules on asset management also boosted their confidence in achieving success in China's capital markets," Qu said.

"For its orderly and healthy development, industry participants should join hands to set some rules and framework and comply with them," Xiao added.

"Having a website, WeChat account and mini-apps does not mean you're digitalized. Instead, they should be helpful for customers," she said.

"Guang told the victims he had an overseas investment project that would bring higher returns," Chen said. "He even lured some old people to invest by mortgaging their houses."

"For us it is part of the deal to help the customers with pre-know -- what's here, what we offer, what services that we have, hopefully at some stages even open a dialogue box where customers can get service," Salmi told Xinhua.