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"FinTech innovations that feature internet, big data and artificial intelligence are exerting profound influence on capital markets," said Huang Wei, assistant chairman of the China Securities Regulatory Commission, at a forum.

"For example, Fonterra has been collaborating with Alibaba's Hema Fresh to sell fresh pasteurized milk. It also supplies raw milk to leading Australia baby and infant formula brand A2, which has been very popular in China," 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.

"Five years ago, when everybody paid with cash, I couldn't have imagined that today China would use mobile payment on such a large scale," said Kovachich, who lives in Moscow and specializes in editing stories on Chinese economy and financial technologies.

"Given the authorities' focus on the broad stability of the onshore renminbi, we see a fairly steady onshore renminbi in the near term, though with a weakening tilt over a six-month horizon," said MK Tang, an economist with Goldman Sachs (Asia).