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"For some banks, toughening regulation is good news. It will restrict disorderly competition among banks in many business areas," said Zeng Gang, director of banking research at the Chinese Academy of Social Sciences' Institute of Finance and Banking.

"For financial institutions, the most difficult thing is trying to figure out how to get better returns from their investment, how to change their culture, people and their mindset. The softer side is much more difficult for larger financial institutions. It had faced the challenge before and it will continue to be a challenge."

"For hydrogen to play a significant role in decarbonization, the industry will need to transform upstream and expand significantly downstream. Hydrogen production will need to move to zero or low carbon processes, and consumption will need to expand to new sectors where fossil fuels are dominant," Xiao said.

"General facilities for the Zhanjiang Verbund site will also be built along with the two new plants ," Kothrade said.

"Finance would become one of the backbone industries for economic growth in the future, as it would help diversify its industrial structure," said Li Zhan, chief economist with Zhongshan Securities.