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China's opening-up has not only benefited its own people, but also brought about massive opportunities for global growth, he added.

China's legal system includes a number of provisions on fighting organized crime, but they are scattered among different laws and some have been relatively ineffective, Li said.

China's fiscal policy could be more proactive in supporting investments in the second half this year, said analysts, as the economy looks to strike a balance between growth and stability.

China's management of its economy is also making Pearce more comfortable. He recently allowed his money managers to invest in Chinese mainland equities directly for the first time in the firm's history.

China's economic growth softened at the start of the third quarter, as the market showed stronger risk-averse sentiment after the US decided to impose additional tariffs on some Chinese goods starting next month.