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"During our survey on fintech companies, we found that the financial sector has stepped up the promotion of big data technologies in China, as big data analytics has gained wide recognition regarding its capabilities to increase financial productivity," said Arthur Wang, partner and head of banking at KPMG China.

"During the past few years, it has helped us to reduce (the time spent on) administrative and border control procedures by three-fourths, to allow trains to transit faster through Kazakhstan," Shaimergenov said.

"Even the (Chinese) name of this product comes from Chinese online shoppers. The so-called customer-to-business model is how we derive our consumer insights and e-commerce is more than a venue for sales, but also a channel for the next great innovation," he said.

"Despite the debut of the STAR Market, many mainland-based firms will still seek overseas IPOs, partly as the new board does not allow overseas institutional investors to take part in the IPO process," said Li Qiang, regional co-managing partner of Asia at DLA Piper.

"Equipment is the core of the manufacturing industry. We will ramp up resources to focus on a group of projects which have good technological foundations and where breakthroughs are likely to be made within two to three years," Luo said.