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As things stand, all four UK major operators plan to limit Huawei's involvement to "non-core" infrastructure, such as radio access networks. They will be hoping that, if the UK government introduces a ban, it will only relate to the most sensitive areas of British networks.

As the global economy faces a gloomy future, he said, the crisis will force the city's companies in traditional industries to dip their toes in emerging industries and make them think about how to keep their own competitiveness with advanced science and technology.

As the Chinese market returns to normal, and Europe and the US are just starting to reopen their economies, the ability to connect with Chinese consumers can define whether a business survives or not, Langer said.

As the domestic economic downside risks are increasing, countercyclical policies will be more flexible, to further expand efficient demand at the right time and mitigate cyclical conflicts, said Chen.

As the Chinese yuan is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by trade surplus and foreign investment in the country, adding funds to the money market.