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"China always looks ahead to the next stage, and that, I think, is even more important now than it ever was," said Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science.

"But, China has been facing an asset shortage problem since 2015 in terms of high-return and low-risk products," notes Sun, adding that developing competitive and innovative products with stable returns and low risks, plus educating investors, are crucial for asset management companies.

"By doing that, we are opening the door for the smaller customers in China that cannot have access to foreign currency to buy iron ore," he said.

"China Telecom's Guangdong branch will be able to use Tencent's Tnebula and related intelligent products and its advanced management experiences to further expand its IDC operations, quality and efficiency and maximize the value of IDC, in the years ahead," Yang said.

"China has the next step ahead of it, which is to create much higher value per individual user. And the number of more affluent users is becoming bigger," Mueller added.