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"Failing to do so could see restrictions re-imposed at a loss of more than 4 billion Australian dollars (.57 billion) per week to the economy.

"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."

"Dongjiang's innovative leasing businesses could significantly slash the costs for domestic companies and help break foreign monopoly," Liu said.

"FAW Car Co Ltd, another holding subsidiary of FAW Group, was not involved in the suspension, which may imply FAW Group has been planning to sell its assets," an industry insider said on Monday, 21st Century Business Herald reported.

"Europe and the United States are leading the world in terms of urbanization, thanks to their first mover advantages. While in Asia, specifically in China, the government has been promoting its urbanization strategy for years, which helps the country achieve the highest urbanization growth rate globally and a vast space for development in the future," Deloitte said.