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"China is definitely a highly dynamic market for luxury brands. Growth momentum is largely seen coming from the country," Zhang said. "With the younger Generation Z consumers shaping up to be the backbone for luxury brands, their desire for socializing, interaction and sharing are propelling us to delve into the realm of social retail."

"China has a large number of small and micro-businesses, and this helps create a large number of jobs in China," she said. "Yet such businesses also have clear disadvantages, such as being vulnerable to risks. This requires the government to give them more policy support, especially tax incentives, to help them grow steadily."

"But now with SWIFT GPI, the banks in China can now facilitate those tuition payments stripping out the friction ... making them faster and more information rich."

"China is a data-rich country, which is a very good starting point. Meanwhile, there are a lot of very encouraging progressions in different provincial governments," Ng said, adding that the municipal government of Shanghai unveiled plans to open up more space for the autonomous driving pilot program.

"China is showing the way for the rest of the world, in terms of beauty sophistication, as well as e-commerce and the level of digital connectivity," he added.