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"China's consumer market has begun to show signs of recovery. Driven by a number of government policies aimed at spurring consumption, the retail industry continues to improve and new consumption momentum has emerged," said Sargent.

"China's economic fundamentals are better than in 2015 and 2016 and the yuan has got rid of unilateral fluctuations," said Dai.

"Cross-border online shopping will be easier and faster. People will have access to cheaper foreign products after the establishment of the zone. And it is foreseeable that more foreign banks will establish themselves in the FTZ, enabling people to manage their money in diversified ways," he said.

"Combine this with the active lifestyle Los Angeles is all about, it is clear why people are fleeing other locations around the country and coming to this city," said Dees.

"Chinese mainland enterprises have become the backbone for Hong Kong's IPO market," Chen said, adding their daily average trading volumes contribute 80 percent of the market total.