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"From the risk management perspective, deleveraging and strengthening financial regulation to contain systemic risks remain key focus of the government," Wang added.

"Foreign investment is playing a key role in connecting the domestic and international markets. Once China establishes a unified, open and complete domestic market system, both domestic and foreign companies will be able to achieve greater efficiency and gain a key competitive edge in the global market, which will further prove China's capabilities to attract foreign capital and achieve better connectivity between the domestic and international markets," Cui said.

"For many banks, the retail banking sector is not profitable because operational cost is high, and good assets are limited. Clients' loyalty is hard to maintain, and products are not diversified enough to meet various demands," said Zhao Jiancheng, an analyst with Bank of Qingdao.

"Following the development of TORC, I believe the government will provide more favorable policies to UK companies seeking to enter China to create real benefit to both sides, furthering the technological cooperation between China and the UK and creating significant opportunities and reliable incubation services for UK companies," said Du.

"Hainan needs internationally popular tourism and entertainment offerings to provide visitors more options, to become an international tourism and consumer hub, and to enrich the Hainan free trade zone and port," Hainan Daily, a local paper, quoted a provincial cultural and sports affairs department official as saying recently.