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Another major Finnish food producer HKScan is following soon.

Apart from Standard Chartered, some other foreign banks have also shown interest in offering digital banking services in the Chinese mainland with no branches. Last week, Bank of Beijing Co Ltd said it has got the necessary board approval for the establishment of a joint venture with Netherlands-based ING Bank NV.

Another new policy this year allowed graduates from 23 selected UK universities to apply for a six months post-study work visa. The ability to gain valuable work experience in the UK is very attractive for Chinese students, and adds value to their CV even if they return to China to work in the longer term.

Ant Financial's last earnings announcement showed it suffered a loss in the first quarter of this year. But bankers said with the financial support from Alibaba, the company does not need to raise cash, the report said.

Another 25.2 percent of the overall projects are in high-tech, a much lower percentage than for social development projects, yet they will receive 4.4 billion yuan - close to the amount for social development.