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"China is actually becoming the leader in many markets and technologies that we are interested in," Shafer said, noting that the country is far more advanced relative to other global markets in the way firms engage digitally with customers.

"Chairman Cummings' subpoena is invalid and unenforceable because it has no legitimate legislative purpose," Trump's lawyers said in a filing.

"China is the world's second largest economy and stock market, however, China A-shares are underrepresented in global capital markets," said Brendan Ahern, chief investment officer of the Krane Funds Advisors, which is the investment manager for KraneShares ETFs (exchange-trade-fund), noting that China's capital markets are too big to ignore.

"But the newly born Xiongan can't meet such needs yet because the area is like a blank sheet of paper. There's nothing here like in big cities," he said.

"COSCO Shipping Specialized Carriers used to serve Chinese customers in the past, and we expect the tramp-liner services to facilitate our efforts in going global and winning clients beyond Chinese borders," said Chen.