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"China can benefit greatly from the talents of these proven wealth managers, from both the positive impact their investments can have on the real Chinese economy and through the superior returns generated for Chinese institutions and investors. We want to be a part of the significant growth in China," said McGuire.

"China and the UK both have proud histories of innovation stretching hundreds, even thousands of years. That spirit of invention is still very much alive today, and if we pool our talents further, the results could be extraordinary," she said.

"China is promoting home rentals. This shows the country's concern for its people. We are happy to play a part," he said at the news conference on Dec 20.

"Chances are high that China's clean energy cooperation will expand in the future as Chinese developers seek a larger footprint abroad," said Joseph Jacobelli, a senior analyst of Asian utilities at Bloomberg.

"But we are also looking at more dire scenarios where the spread of the virus continues for longer and more globally, and the growth consequences are more protracted," she cautioned.