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As China has enjoyed a rising status in the global market, the situation today is not at all the same as 2002, when Zhou started his tenure. The central bank may also be given greater power to write rules for the whole financial sector.

As China's financial opening-up will continue, more foreign investors will participate in domestic markets. The reform of foreign exchange management is expected to be promoted steadily this year, after major progress in interest rate liberalization reform, said Guan Qingyou, dean and chief economist at the Rushi Financial Research Institute.

As Chinese corporates adopted a go-global strategy to exploit growth opportunities presented by the Belt and Road Initiative, they felt an acute need to deploy domestic human resources to execute and oversee overseas projects.

Applicants may include the country's top fund firms and receive approvals in the next two weeks, a source from a major bank told the paper.

As China is on the way to add more digital technologies and sustainable methods into its manufacturing industries, the country also experienced a slight drop in foreign direct investment flow in recent months.