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Analysts said that listed technology companies would be the biggest beneficiaries from the revised rules as the country's regulators intend to lower their financing barriers and encourage them to tap into the capital market for additional funding.

Andrew McAfee, principal research scientist at the Massachusetts Institute of Technology (MIT), best-selling author and co-founder of MIT's Initiative on the Digital Economy, said major developments in data, algorithms, networks, cloud, and digital hardware have unleashed a wave of innovation that is "rewriting the business playbook" in his keynote address.

Anand Rao, Global Leader of Artificial Intelligence at PwC

Anderson said: "If you look at the number of people in China, that's hundreds of millions of people. It's a big problem."

And as of now, over 500 maths teachers from the two countries have been on exchange visits through the China-UK maths teacher exchange program, said the ambassador.