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"China has always been a builder of world peace, a contributor to global development and an upholder of international order. The growth of Chinese military also means the growth of the world peacekeeping force," he said.

"By getting listed, fintechs will consolidate previous achievements in development and will take the IPO as an opportunity to rectify nonstandard businesses so that they will meet compliance requirements. Besides, the status of listed companies will be helpful for them to obtain the relevant qualification accreditation or file for record under tightened regulations," the report said.

"Changes in the global economic landscape are one of the reasons behind such a trend. Faced with trade frictions, a large number of capital needed to find new investment opportunities," said Jixun Foo, managing partner of GGV China, a venture capital firm based in Shanghai, and a top investor on Forbes' Midas List.

"China is transforming from a manufacturing giant to a world manufacturing power, but manufacturing sector development is unbalanced along the value chain. Small and medium-sized enterprises need to improve their production efficiency and management models, as well as reduce their manufacturing costs," said Xu Lihong, CEO of A.BRAIN Research Institute of Intelligent Manufacturing.

"But we are aware the coronavirus situation is changing by the hour," she added.