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"China can learn from the US's mature system of investor protection and make adjustments in accordance with Chinese culture," Li said. "But it takes time to promote related improvements gradually."

"But we need to learn Western medicine at the same time to mix advantages."

"By signing the agreement, both nations can obtain more information and have a better understanding of each other's markets," said Toshihiro Iwasaki, chairman of the Japan Investment Trusts Association.

"China has become the world's largest source of outbound tourists," she said. "Considering that only 10 percent of Chinese hold a passport, we anticipate a period of explosive growth in the next decade."

"China is now too important a market to ignore because investors can find the kind of growth opportunities here that are rarely available in other parts of the world," said Jeff Li, a London-based global equity fund manager at EFG Asset Management.