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"China is a key and huge market for UBS, and the further opening-up of China's financial sector represents great opportunities for our businesses, including investment banking, wealth management and asset management," UBS said.

"China has fabulous designers, a large market, and outstanding brands, but it needs to make global consumers aware of the charm of Chinese brands, which certainly can be promoted on a bigger stage," he said.

"China is going from 'Made in China' to 'Created in China,'" said Gurry.

"China has entered a stage of stable leverage as the country's deleveraging efforts have delivered primary effects," Liu Shijin, vice-president of the China Development Research Foundation, a government think tank, told the Economic Daily.

"China is shifting toward a floating exchange rate regime, and we allow the exchange rate of the yuan to be determined by market demand and supply," Yu said.