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"For future development, we suggest Beijing supports standardization in supply chain management to better participate in global governance," Fung said.

"For my third trip to China this year, I would say that China has as many entrepreneurs and the same type of entrepreneurial vision that there is here in the US," said Robert McCooey, senior vice president of Nasdaq's Listing Services unit, during a panel discussion here late Friday afternoon.

"For the development of the healthcare sector, data analysis is the key. Big data sets up a collaborative network for small groups alongside the industrial chain to achieve coordinated development," said Yang Hongfei, founder and CEO of Firestone Inventing, the company that built the first medical and healthcare industrial data service platform to accelerate industrial digitalization in the medical field.

"First, their increasing manpower costs increase their cost of doing business in China. This may at first seem bad for China's competitiveness but, in the longer term, higher wages also mean that companies have a more productive, higher skilled labor pool to hire from," said Yu. "This would allow them to move up the value chain."

"Guangdong is very strong in advanced manufacturing. Hong Kong's strength in finance and modern service would help manufacturing businesses in Guangdong better link to the global market and expand their businesses," Choi said.