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"China is the world's most promising market, unique and dynamic. And we are committed to supporting its growth," Moulay said in an interview with Xinhua News Agency.

"By integrating key regional markets into one Asia-Pacific market based in Shanghai, we will be able to drive a more sustainable and efficient business model across the region," Currie said.

"But there is no need to be overly anxious about the risks as China has a deposit insurance plan. By taking measures such as appointing another bank to temporarily manage the bank amid a merger and acquisition process, regulatory authorities will help small and medium-sized banks make a smooth transition of liquidity," he said.

"By virtue of the number of people who log onto WeChat, they have the largest music app in China in QQ Music, the biggest news app QQ News …and the list goes on and on."

"China is seeing a new wave of urbanization, with third- and fourth-tier cities beginning to emerge as sizeable urban clusters. With megacities arguably reaching their limits and gripes about quality of life rising, smaller cities have an opportunity to compete for talent and resources," said Wang Dan, China analyst at EIU.