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"China will become increasingly open, transparent and predictable to foreign investment, and its overall trade investment will be better and better," Li said.

"Considering that the regulator has significantly shortened the process of granting preparatory approvals to Bank of China Ltd and China Construction Bank Corp, and that many banks - especially large ones - have almost completed the preparatory work in terms of organizational frameworks, operating systems and staffing, the first batch of wealth management subsidiaries are expected to be formally established around the middle of this year," said Yang Yu, an analyst at the Shanghai-headquartered Hwabao Securities Co Ltd, in a research note.

"Cross-border e-commerce greatly lowers the bar to enter global trade as the scale of doing business online doesn't need to be huge. Thereby, it is involving more participants, especially SMEs, in commerce worldwide," said Liao Xiaoqi, former vice-minister of commerce, prior to the Boao Forum for Asia, which officially kicks off on Thursday.

"China will continue to uphold the win-win spirit, proactively integrate itself into the global innovation network and strengthen international exchanges and cooperation on technology, talent and projects," he said.

"Cooperation under the framework of the Belt and Road Initiative may start with California," Zhang said.