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"China's capital market continues to evolve in a very positive and dramatic fashion, and the launch of the new board will provide many innovative companies an avenue to raise fund, thus propelling future growth," Brendan Ahern, chief investment officer at New York-based Krane Funds Advisors, told Xinhua in a recent interview.

"China's success, especially economically, would not have been possible without the accompanying process of globalization, which accelerated in the last half-century," said Li Yong, director-general of the UN Industrial Development Organization.

"Coordination and integration between cities remain the key words of developing metropolitan areas," said Zhang Yansheng, chief research fellow at the China Center for International Economic Exchanges. Shenzhen, the most innovative region in the Greater Bay Area, may join hands with Hong Kong, which boasts top universities, capital markets and a modern service industry. Zhang suggested Guangzhou, as a city of trade and service, could also coordinate with Foshan, which boasts a high-quality traditional manufacturing industry.

"Chinese companies need to continuously explore effective methods to reorient industrial activity toward cleaner processes, by saving energy and reducing costs," said Guan.

"Chinese education companies looking to expand abroad in accordance with the Go Out policy may feel more confident about their chances of long-term success if they have a well-respected British brand attached to their schools," he added.