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"Financial technology is at core of our work at the current stage … We are trying hard to learn from fintech companies in terms of infrastructure construction, the integration of information technology and banking business, the building of innovation mechanisms, and the restructuring of human resources to hire more talents specialized in digital and information technologies," said Chen at a news conference in Beijing.

"Finally, clients trying to make a deal often have their hands tied, as the drastic changes in the economic outlook force them to adjust on a commercial basis and assumptions, as well as projected earnings in the short-to-medium term future. Needless to say, international travel restrictions and social distancing rules also hamper efforts to meet in person where interpersonal interactions are key to the deal making process," said Tang.

"Having a foreign country run the railway is a 'pathway' to injecting professionalism from an experienced player and in the long run facilitating knowledge (skills) transfer to the local people," he said.

"Globalization will be a main future direction for TAL, as we are determined to become a global education technology company," Bai added.

"GIFT IFSC provides a huge competitive advantage in terms of tax structure and supportive regulatory framework, which is comparable with other global financial centers," he said, adding that other advantages include the waiver of taxes such as the security transaction, commodity transaction, dividend distribution and capital gains taxes, as well as the goods and services tax.