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As digital forces shake the status quo and restructure value chains, an even more globally competitive Chinese economy, and dynamic firms can emerge, the report said.

As awareness of health and wellness management grows, the insurance market in China is growing dramatically, Kenton said. As such, Bupa is shifting its focus from expatriates toward globally minded domestic clients, with target customers including existing and emerging high-net-worth individuals, who may already be involved in a cooperation but are thinking longer-term, he said.

As a developing country that has only gradually established a comprehensive financial regulatory framework in the past two decades and is still exploring what the best way of financial governance is, it is crucial for Chinese regulators to step in as early as possible when serious risks loom, and act well before they develop into a substantial threat to the country's financial stability.

As a result, the early education industry has exploded. Last year, there were 44 million registered kindergartners, up from 34.5 million in 2011, and while the government has supported that growth, both financially and with favorable policies, demand far outstrips supply.

As an investor, Hillhouse will keep a close watch on TAL's performance and continue to bank on certain businesses for sustained growth, they said.