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He recalled his dean saying: "Larry, you're a smart kid. Why don't you work on something useful instead of this meta-analysis stuff?"

He said in the short term, listed Chinese companies overseas and dollar-dominated private equity funds will have an advantage over investors holding only RMB assets in outbound M&A's.

He said that in recent years companies have tended to pursue a China-Plus-One strategy in constructing their supply chains, which could involve having a production plant in China and another in Southeast Asia.

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He said US mayors, governors and business leaders "from both political parties are signing onto a statement of support that we will submit to the UN – and together we will reach the emission reduction goals the US made in Paris in 2015."

He revealed that as of now, 12 smartphones including the iPhone 1 have won the IDEA award.

He said since the 19th CPC National Congress, there has been a "renewed emphasis on brand development by Chinese companies in all sectors. While China had been pursuing a dual strategy of building home-grown brands but also acquiring underperforming international brands … the emphasis is now firmly on home-grown brands."

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He said he appreciates how China has tackled poverty with a strong focus on innovative technology and research and development, and expects to see a more targeted approach to deal with the remaining "stubbornly poor".

He said that Chen will continue to need help because the government might appeal the judge's decision. "That means Sherry has won this battle, a major battle, but she has not yet won the war," he added.

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He pointed out that around 70 percent of the country's petroleum is imported from overseas, which exceeds the global warning line of 50 percent.

He said Beijing has kept its word on the protection of capital and investments in Hong Kong, and will continue to do so under the proposed national security law.