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"China will not tolerate any country hurting its core interests," Wei said, adding that the country's core interests include sovereignty, safety and the right to development. Wei is now vice-president of the China Center for International Economic Exchanges, a major government think tank.

"Cross-border and cross-industry ecosystems have risen with the new technologies," she said. "Cooperation has thus become a must for the global financial industry."

"China will find other countries, replacing the US, to export goods, and the strategic adjustment is on the right path," he said.

"China regulations are also so strict that in many cases, they are even more strict than in central Europe or Finland. It's good for the whole industry to have more firms operate in a sustainable way," said Nikkila.

"China's policy focus continues to shift between three－at times competing－policy objectives of ensuring sustainable growth, maintaining financial stability and implementing reforms to rebalance the economy, with the current focus primarily on growth and stability in the face of slowing GDP growth," said Michael Taylor, managing director of the Asia-Pacific region at global credit ratings agency Moody's.