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"Cross-border financial services are crucial to outbound Chinese companies and overseas companies tapping into China," said Lam Chi Man, CEO of BEA China. "CIIE will be the best chance for overseas banks and financial institutions to showcase their latest achievements in this regard."

"China's foreign exchange market remained stable, with a general balanced demand and supply relationship of foreign exchanges," said Wang, who expected severe impact from the pandemic on global economy and trade growth, along with increasing volatility in international financial markets.

"Countries such as Brazil, Argentina, Paraguay and Canada will have a greater chance to take over the market share from US soybean growers if the Sino-US trade dispute further escalates," said Ding Lixin, a researcher at the Chinese Academy of Agricultural Sciences in Beijing.

"Chinese banks' expansion strategies have benefited from policy supports such as the Belt and Road Initiative, with new projects creating demand for goods and infrastructure," said Ben Shenglin, dean of the academy.

"Chinese authorities have not used the exchange rate in prior easing cycles to support growth, and they are unlikely to do so now, as this could pose macroeconomic stability risk," said Andrew Fennell, lead sovereign analyst for China at Fitch Ratings.