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Apart from Money 20/20, Ascential also has other projects that include the Cannes Lions festival for the branded communications industry and global fashion trend forecasting service provider WGSN.

Another collaboration, Kong: Skull Island, also met with tepid response at the box office last year. The King Kong franchise reboot grossed just 6.7 million worldwide against a 5 million production budget and 6 million in marketing costs.

Apart from Hong Kong's well-established legal system, it has a solid infrastructure, a sound banking system, free flow of capital, low tax rates, and a highly regarded regulatory regime, he explained.

Another reason why Chinese tourists are less interested in shopping overseas, according to Li, is that the quality of made-in-China products is improving. Also, the influence of Chinese brands is growing. "The time when Chinese people rushed to buy milk powder, frying pans and toilet covers at stores outside the mainland has long passed into history."

Apart from the traditional "Made in China" tags found on store shelves, high-speed trains and semi-conductors are becoming the new symbols of Chinese manufacturing.