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"But there is no need to be overly anxious about the risks as China has a deposit insurance plan. By taking measures such as appointing another bank to temporarily manage the bank amid a merger and acquisition process, regulatory authorities will help small and medium-sized banks make a smooth transition of liquidity," he said.

"Cheng's book contains analyses of key historical facts and criticisms on some points of view, both founded on a substantial body of materials, which makes it very convincing," said Yang Daqing, associate professor of history and international affairs at The George Washington University.

"China is opening its doors wider and wider to the world, providing fellow developing countries with more and more market opportunities," Hu said.

"China is incredibly important and becoming increasingly more important every day (for us). Our Chinese business is very Chinese, as it is led and run by Chinese people, and populated by Chinese people," said Abbosh, adding he is bullish on the prospects of the company's business in China.

"China Construction Bank Corp has already established a wholly-owned fintech company. Other banks may follow in its footsteps," Cao said.