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"Compared with traditional trade that relies heavily on bulky multinational corporations, cross-border e-commerce is creating a fast track for small, micro and medium-sized enterprises by trimming costs and providing more personalized services," said Chu Yin, a professor at the University of International Relations in Beijing.

"Contrary to what was alleged in the US President's Executive Order, these agreements are not US' preferential treatment for Hong Kong. They are bilateral agreements negotiated in good faith to benefit the peoples and businesses of both sides in areas of law and order, shipping and tax treatment. The US' unilateral decision reflects its disrespect for bilateralism and multilateralism under the current administration and should be condemned by the international community," a spokesman for the HKSAR government was quoted as saying in a press release.

"Compared with other listed companies, commercial banks have relatively good performance, so their IPOs will provide good investment targets while raising funds at the same time," Wu said.

"Chinese consumers want to try something different and feel like they are sophisticated and part of the global elite. That's what Starbucks gives them. That's what Western brands need to tap into," he said.

"China's private economy will see better development opportunities," Qu said.