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"Foreign investors as a group have surpassed insurers as the largest holder of A shares and with the help of the weight increase of various indexes, are likely to rival domestic mutual funds soon," said Thomas Fang, head of China Equities at UBS. "We expect the largely retail-driven A-share market to become more institutionalized over time."

"For some new infrastructure and manufacturing projects, central SOEs have shifted much work back to their plants in China to ensure the work can be properly continued after the coronavirus outbreak," he said.

"For me, the China-Europe freight train is like a kid. As it grows up gradually, I feel so proud," Zhang said.

"Financial risks have shown significant regional differences. In the future, we may see mergers and acquisitions of small and medium-sized banks led by local governments as a measure to resolve regional financial risks," said Vincent Yao, PwC China financial services partner.

"Foreign companies are cautiously more optimistic as the central and local governments are giving signals that they will open up the market and welcome more foreign investment," said AmCham South China President Harley Seyedin.