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"Chinese customers have embraced buying big-ticket items online because it circumvents hours spent at a physical dealership negotiating with sales staff," said Qi Xiaozhai, a senior business consultant for the Shanghai Municipal Commission of Commerce. "It has made prices transparent and traceable."

"Cross-border financial services are crucial to outbound Chinese companies and overseas companies tapping into China," said Lam Chi Man, CEO of BEA China. "CIIE will be the best chance for overseas banks and financial institutions to showcase their latest achievements in this regard."

"China's various licensed financial institutions had total assets under management of 100 trillion yuan at year-end 2017. The regulation prohibits unlicensed entities such as internet platforms from originating and distributing asset-management products," Zhu said.

"Companies that are able to get the benchmark interest rates are few, and in most cases, bond-issuers have to accept banks' buoyancy, which is more than 20 percent. So, the cost of loans may end up higher than direct financing costs."

"Currently, we have built the complete industry chain which is made up of the BeiDou Navigation Satellite System (BDS) basic products, application terminals and systems, and operation services," said Ran Chengqi, director of the China Satellite Navigation Office.