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"China's push to cultivate innovation-driven growth will inject new life into the country's real economy and fuel the integration of cutting-edge technologies with manufacturing," Qu said.

"China's economic expansion slowed in line with expectations, and conditions will be weaker in the second half as China is carrying out deleveraging moves, and the trade conflict between the US and China is uncertain," said Gao Ting, head of China market strategy at UBS Securities.

"Collaboration is of mutual benefit to our company and the academic world," Gao said. "We offer business insight and data, while the schools provide cutting-edge research and expertise.

"Currently, at least three Chinese financial institutions are waiting for regulatory approval to come to the DIFC," Jaffery said.

"Currently, we are preparing to apply for more airworthiness certifications from the US and Europe, as well as in other nations and regions. Meantime, we will also apply for approvals of the world's major aircraft makers for original installation in aircraft of Airbus, Boeing and COMAC (Commercial Aircraft Corporation of China)," said Sheng.