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As for China, Zoia said the gyrocar "probably could have better play there as a market more in tune with motorcycles. But unless cities outlaw regular cars or there's some other such action to encourage their use, I think consumers still will be more inclined to want four-wheeled vehicles."

As Shenzhen kick-started a brand-new market-oriented development pattern in 1980, a raft of reforms have been carried out in the city, which created countless firsts on the Chinese mainland, including the first land auctioned, the first stock issued and the first export industrial zone set up after the founding of the People's Republic of China in 1949.

As Wong described, the way Yeung treats his employees goes beyond being a boss. "He sends greetings to my mother, wife and daughter all the time. He cares about my daughter's studies at school."

As a significant step in capital market reform, the new stock trading platform is likely to launch in the first half of 2019, boosting innovation and improving market efficiency, they said.

As global financial markets become more interconnected, there is no singular banking institution that can deal with all of the issues within the local financial sector. Meanwhile, China's financial markets have become more open to international standards. This requires local financial institutions to understand how the rest of the world manages financial risks, said Apostolik.