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Ant Financial, Alibaba's financial arm, supports transactions in 22 currencies and can settle local payment in 56 economies, said Cheng Li, chief operating officer of Ant's international business.

Another indicator of high-end consumption, according to Zhao, is the increase in purchases of imported commodities. This year, there is a huge demand for medium- and high-end consumer goods, so their imports will rise, she said.

Apart from facilitating energy and transportation projects overseas, SOEs from the manufacturing sector have relied on China's advantage of having the world's most complete industrial system with the most diversified sectors to boost the nation's foreign trade and deliver products on time to global clients, she said.

Apart from He, several other villagers described Yu as a responsible and helpful leader.

Apart from a series of reform measures already released, the CSRC is stepping up efforts to form an action plan to improve the quality of listed firms.