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As restructuring has mainly involved mergers within the SOE sector, the Institute of International Finance, a global association of around 500 major financial institutions, said it does not expect widespread failures or losses to be incurred in the new round of SOE reforms.

As the COVID-19 pandemic now affects most countries and regions around the world, demand for supplies of medical materials has increased dramatically, Wu said.

As the world's largest energy investor, China saw a 25 percent decline in coal-fired power investment last year and is increasingly driven by clean electricity generation and networks, as well as energy efficiency investment, said the report.

As such, the institute's professors, most of whom have rich experience in financial systems in the West, are well-positioned to share their past experiences and pass on their knowledge to the new batch of financial talent in China, according to Chang Chun, executive dean of SAIF at Shanghai Jiao Tong University.

As the clock ticks down to the Beijing 2022 Winter Olympics, more and more foreigners specializing in winter sports are finding employment in China.