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Anti-epidemic efforts have been focused on imported cases and local infections associated with them in Guangzhou.

Apart from strong GDP growth, China has also maintained a current account surplus, abundant forex reserves, sound fiscal conditions and stable financial systems, all helping support its currency.

Anne Ruan, who runs the Ningbo Orange Packaging Co, a paper products business in Zhejiang, whose output includes items for use at parties, saw overseas orders valued at million canceled in the first quarter. Before the pandemic, her company's annual exports were worth about million.

Another new trend on Chinese companies' road towards going global is that more small and medium enterprises (SMEs) have been attracted to the overseas market, Shi added. "Although our service to SMEs accounts for only about 30 percent in our whole business, it grows 40 to 50 percent annually."

Apart from exploring a market-driven mechanism for the commercialization of scientific research achievements, the tech subsidiaries of these banks also aim to export fintech solutions to smaller banks and other financial institutions, according to China Minsheng Bank.