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Analysts said Allianz's plans in China highlighted the regulator's desire to further open the domestic market to foreign players and it could mean that foreign insurance companies could enter the Chinese market by establishing wholly-owned local units in the future.

Anger and negative feelings have swept over Hong Kong, especially among the city's young people, since the troubles began.

Andrew Miles, president of Sam's Club China, said on Wednesday the outlets, growing with their members, are excited to add the flagship outlet into their rapidly expanding footprint, calling it "a testimony of our commitment to our members and China."

An outbound Chinese tourist pays with Alipay at the checkout of a shopping mall in Sydney. [Photo by Xu Kangping/For China Daily]

Andrey Denisov