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"Fiscal policy has advantages compared with the monetary policy, as it can be targeted and temporary, with a short lag. Thus, fiscal policy is more appropriate and should play the lead role in dealing with the one-off short-term impact of the epidemic," said Zhang Bin, a senior researcher of the China Finance 40 Forum, a think thank.

"For example, a more convenient consumption environment for foreign travelers is needed," he said. "No matter if we're talking about visa issues or language services, they still need to be improved."

"Guangdong expects to accelerate the construction of the Hengqin New Area, which is adjacent to Macao," Li said, adding that investors from Macao are also playing an important role in the creation of an industrial park devoted to the science and technology of traditional Chinese medicine.

"For example, the municipality's master plan (2017-35) mentioned that Shanghai should give full play to its role as a core city from the perspective of the coordinated development of the delta region, strengthen the division of missions and collaboration with neighboring cities and build a metropolitan region into a world-class urban agglomeration with global influence," she said.

"For example, they may need to open bank accounts in the UK, obtain UK or European visas, send their children to schools or universities in Europe, acquire property, obtain healthcare, or expand their businesses into the UK or Europe. We are able to provide tailored solutions that meet these needs," Lin said.