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As for the China market, PTW has won orders from top Chinese companies. Since about four years ago, the company has doubled the revenue growth year-over-year in China. "Year-on-year, we expect this growth to continue," Kirkham said.

As governments adopt "unconventional" monetary policy amid the COVID-19 pandemic, interest rates have been lower, and the pricing of the risk has compressed, which have pushed up asset prices, he said.

As external shocks to the Chinese economy are large amid the novel coronavirus outbreak, by moderately loosening the provision coverage ratio, the government will help smaller banks and businesses deal with challenges more effectively, said Michael Hu, PwC China financial services partner.

As for further development in China, he had growing confidence for steady and sound expansion in the country.

As an effort to help the public understand the achievements of reform and development made by the national defense and the military, the barracks will be opened during major festivals and days of commemoration.