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"By opening further to foreign investors, we are not just providing them with opportunities to enter the Chinese market. We are also providing opportunities for the financial sector to upgrade and to improve its quality on a level playing field," he said.

"China is a very important market for Microsoft," he said. "It is unique in terms of its energy, as businesses here are responsive to cutting-edge technologies including artificial intelligence and cloud computing."

"Child rearing is crucial and it needs support from government, employers and parents," she said. "We hope the new guideline can help instill a new concept in society, rather than impose a burden on enterprises."

"China is further opening up its market to foreign investors by lifting entry barriers. We hope the expanded pilot program, laws and rules will further promote cross-border investment in transportation, education, healthcare, finance and professional services," said Gavin Guo, international partner of the Shanghai-based Kewei Law Firm.

"But using big data and AI technologies, we will help transform that into gripping travel information," he added.