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"Culturally, it's very difficult on their own to understand the payment preferences of every country," Tubb said. "In order to develop the overseas markets, they need partners with global experience to understand consumer behavior. And this is not restricted to just payment methods but many other areas, such as checkout experiences."

"China was weak in data collection, but after years of research our data and methodologies are developed well enough to be communicated with foreign countries," said Guo Jing, head of the international cooperation department of the Ministry of Ecology and Environment.

"Contacts between the cultures of East and West really began in Macao," said Nicholas Platt, a former US ambassador, who spoke at the event.

"China's policy to open up its financial sector remains unchanged," Guo said, noting that more foreign financial institutions have settled in China even during the epidemic.

"Cross-Straits relations are challenging and complicated. Under the common political foundation of upholding the 1992 Consensus, which refers to the one-China policy and opposes 'Taiwan independence', we are willing to stay in communication and enhance dialogue with the KMT to maintain peaceful development of cross-Straits relations," said An Fengshan, spokesman for the Taiwan Affairs Office of the State Council, China's Cabinet.