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"Digitization will significantly improve the transformation of corporate banking," said Han Feng, partner at McKinsey. "Those banks that could truly realize digital transformation and large-scale digitization will considerably widen the gap between themselves and other banks."

"Facing rising uncertainties and challenges, China and the EU should work together to inject more confidence and certainty into this multilateral world," said Zhao.

"Even though the US enjoys an advantage in the development of algorithms, China's edge lies in its huge base of data," Zhang said before Summer Davos started in Dalian. "And without data, algorithms cannot work.

"Doomed is any attempt by the UK to meddle with Hong Kong affairs by manipulating the BN(O) issue. We urge the UK side to immediately correct its mistakes, and stop political maneuvering that will only backfire," the spokesperson said.

"Driving all the day is so tiring. If cars can drive themselves in line with rules, then traffic accidents may be reduced and efficiency can be improved," he said.