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"Finding a solution that allows both traditional and new transport service providers to compete in a fair way while meeting the service quality standards became necessary."

"For example, everyone living in a city spends hours in traffic every day. So, Ping An uses technology to improve the traffic situation. Using artificial intelligence, we increased the traffic speed in cities by 30 percent to 50 percent. In the healthcare sector, our AI-enabled technologies help doctors to improve their medical ability and reduces misdiagnosis rates," Tan said.

"For example, for an e-business based company who runs production bases in both Shandong and Zhejiang provinces, once it receives a purchasing order from customers in Beijing, it can directly contact delivery services to deliver goods from their production site from (geographically closer) Shandong," he said.

"For some exporters, the design, technology and patterns of some exported products belong to their foreign clients," Gao said. "And thus it would require authorization to sell them domestically."

"Foreign managers bring a unique set of experience and skill to the Chinese asset management industry, particularly in areas such as quantitative investment. Having a wider set of local and foreign managers managing different strategies in China increases the choice available to investors and, most importantly, it allows investors to diversify their investments," Steel said.