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"Foreign businesses act as critical forces to adjust industrial structure, promote science and technological innovation and enhance urban functions."

"Going back to Beijing will be more convenient and it's like the capital and Xiongan form one whole city," he said.

"For the children, it was a joy to see people from another country, but for me, it was to see kids who mean the world to me," says Neha Jasmine Rodrigues, one of the volunteer students from the University of Huddersfield who visited the primary school in May.

"From the outset of the Dec 12 campaign, we managed to bridge offline transactions with digital payments. Five years later, we aim to revamp the entire local services market by digitizing 'people, merchandise and shopping scenarios'", said Alibaba vice-president Fan Chi.

"Foreign firms tend to have extensive international experience and they are strong in business areas such as principal securities trading (where the securities firms use their own capital for capital market investments to realize higher profits), capital and fixed-income, foreign exchange and commodities markets. Their presence will bring more competition and force local securities firms to accelerate development, which will help energize the Chinese market, and boost the regulator's goal to further open the financial industry," Zhang said.