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"For a multinational, it is of great importance to learn the latest changes in local markets and the demands from local consumers, and then send the information to headquarters and mobilize resources, in order to support the needs of local markets," Fu said.

"From my experience, in the petrochemical industry, the international market usually lacks sufficient understanding of Chinese products, so sometimes they don't accept Chinese equipment," Sun Songquan, vice-general manager of the sourcing department of SEG, said during a panel discussion on Tuesday at a Belt and Road Forum in Urumqi, the Xinjiang Uygur autonomous region.

"For some banks, toughening regulation is good news. It will restrict disorderly competition among banks in many business areas," said Zeng Gang, director of banking research at the Chinese Academy of Social Sciences' Institute of Finance and Banking.

"Government departments should enact more effective policies and offer greater support in light of progress in actual implementation," Li added.

"Foreign investors' confidence and interest in the Chinese market have considerably increased after the nation expedited financial and automobile sector opening-up," said Shen Yuxin, a partner with the United Kingdom-based Freshfields Bruckhaus Deringer LLP.