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"China is a key market for UBS," the bank said in a statement, adding that the further opening-up of China's financial sector brought great opportunities.

"China appreciates the EU's positive stance on developing bilateral relations and is willing to meet the EU halfway, hoping that the Union could match its words to deeds, respect China's core interests and major concerns, and develop bilateral relations in a fair, equitable, open and win-win manner," Zhang said.

"But now we have to treat them in a modern way," Li says.

"By having their brands exposed during hot sports events, companies can reach their potential consumers in a more efficient way, so as to help increase sales and expand brand influence," said Leon Zhang, partner of global consultancy Prophet.

"China and France can jointly take part in the BRI construction, especially in expanding third-party markets, through which they will be able to complement each other and find more space for cooperation," he said.