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"For an emerging company like us, if we don't invest heavily in R&D, it will be hard to sell our products on the market," Wu said.

"For instance, greater access to mobile technology in China has fostered the expansion of the 'sharing economy', which is expected to reach 10 percent of GDP by 2020," the report says.

"For example, we were afraid of cultural pressure from the United States in the 1960s, and 20 years later, we had the same feelings against Japan with its technological projects. Now, China is back around the table of big nations. I think we have to accept that and not be afraid, but to discuss."

"For example, senior directors at the Massachusetts Institute of Technology hosted a welcoming banquet in person; The University of California, Berkeley, played the Chinese national anthem and The East Is Red (another famous Chinese song) in honor of the delegation; The University of Texas learned the arrival of the delegation from newspaper and invited them for a visit and exchange," Sun said.

"Foreign firms tend to have extensive international experience and they are strong in business areas such as principal securities trading (where the securities firms use their own capital for capital market investments to realize higher profits), capital and fixed-income, foreign exchange and commodities markets. Their presence will bring more competition and force local securities firms to accelerate development, which will help energize the Chinese market, and boost the regulator's goal to further open the financial industry," Zhang said.