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"Customers can handle cross-border remittances easily through channels such as mobile banking, online banking and smart terminals."

"China's experience is that it has not copied any other country's development path and has not entirely followed European or US scholars' advice, especially their advice on financial sector, but that it has formed its own model of development, Cai said.

"Convergence is blurring the lines between industries and business models as we move toward a truly digital economy at lightning speed," said Greg Cudahy, global TMT leader of at EY.

"China's long-term trends of moving toward a more consumption-oriented economy of rising services share in the overall economy and technological upgrade should continue as well," global financial services company UBS said in a research note on Monday.

"China will continue to actively participate in and support UNESCO's work and cooperate with other countries," she said.