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"But they should do a good job in terms of quality and service. If not properly handled, the business will affect Chinese brands' reputation," said Zhang.

"China and the United Arab Emirates share a long and fruitful history of economic collaboration that we are eager to help continue through the platform of growth that District 2020 will provide," she said.

"By combining Ant Financial' s AI technologies with the capabilities of asset management companies in investor education and fund management, together we are making customized wealth management services more accessible for ordinary users," said Eric Jing, CEO of Ant Financial.

"China market is vast and fast changing and there is still a lot of space for new comers if they are able to differentiate and win through either efficiency or better customer experience," he added.

"China is willing to share growth opportunities with the rest of the world. Honeywell has invested heavily in China, and we are picking winners," he said.