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"China is undergoing a huge demographic shift, with the proportion of its elderly population aged over 65 on track to grow from 10 percent (of total population) today to 24 percent by 2050," said Domenico Savarese, global head of ageing at Swiss Re.

"By officially introducing the world's payments giants such as PayPal to China, the People's Bank of China is hoping that domestic payment service providers will raise compliance awareness and enhance capabilities to ensure their operations fully comply with regulations through greater competition with their international counterparts. It may be more effective than simply relying on regulators and law enforcement agencies to fight against payments market irregularities," Zhao explained.

"But, in terms of integrating high-tech into artworks to create innovative pieces, there's still a long way to go. This is a trend that offers unlimited prospects," Zhou said.

"By essentially trading cryptocurrencies in a decentralized way, we are building the financial system of the future," he added.

"China and the Chinese people have made great efforts in the prevention and control of the outbreak. We are confident that our company's operations in China will maintain stable and healthy development," the company said in an emailed interview with China Daily.