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"Foreign bank clients engaged in trading and investment in China are expected to receive better financial services as control loosens, which will further promote economic ties between China and the rest of the world," said Ding.

"From a 5G telecom equipment point of view, I don't think this hurts the company too badly, but this will hurt in 5G smartphones and any aspirations in the 5G edge data center," said Patrick Moorhead, president and principal analyst of Moor Insights and Strategy, a global technology consulting company.

"Former Chief Justice of the Court of Final Appeal Andrew Li Kwok-nang is a very suitable person, given his good reputation and huge credibility," Zeman said.

"Global investors may no longer regard China as a manufacturing base with low-cost labor, but a strategically important consumer market," Shen said, citing that future growth in inbound M&A investment may mainly come from consumer goods sectors, instead of export-oriented factories.

"Growth opportunities will also come from the increasing demand for excavators, bulldozers, pipe-layers, road rollers and wheel loaders in markets related to the Belt and Road Initiative," said Yin.