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"Foreign investors are now willing to invest in China's financial market, and the country is removing regulatory barriers to foreign investment. As the financial market is comprehensively opening up in many sectors including insurance, asset management and mutual funds, there is a lot to do for foreign investors in different business segments," Tang said.

"For example, two documents were found to contradict each other," he said. "Some departments intend to protect their own interests by seriously harming residents' interests or breaching laws while making guidelines."

"Foreign investors' expectations have been negatively affected by the uncertainty of Sino-US trade tensions," said Liu Chunsheng, an associate professor with the School of International Trade and Economics at the Central University of Finance and Economics.

"For high net worth individuals, their choices of immigration destinations are diversifying. The new destinations in Europe are of more appeal thanks to their comparatively lower threshold and easier application procedures," Hoogewerf said.

"Further testing is needed before officially launching the Chinese CBDC, gaining inspiration from the Libra," said Yang.