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"Digital transformation of enterprises is the core support of digital economy's development. Growth and innovation relying on 11 digital technologies of the third platform, which include cloud computing, big data, mobile, social, artificial intelligence, block chain, internet of things, augmented/virtual reality (AR/VR), 3D printing, robots and next generation security, are the core of digital transformation, " Fok said.

"Deglobalization sounds good until you need to design a product in a competitive marketplace," the report said, adding that globalization happens because it creates value and broadens a corporation's capabilities.

"Establishing their own wealth management subsidiaries is one of the steps taken by banks to make a transition in terms of asset management. What is more challenging for the reform is how the customers will react to the switch of wealth management products from the expected returns model to the net asset value model, which does not guarantee the return of principal and interest," he said.

"During peak hours, Beijing Capital International Airport has to handle a plane taking off or landing every 49 seconds on average," Feng said.

"Family businesses in China should put their focus on business transformation and innovation, proactively monitor the general economic situation, invest more on people and talent retention, and even engage professional advisors to support their development," Sun said.