Chinese Premier Li Keqiang's keynote speech at the opening ceremony spiced up the ongoing 2019 Summer Davos held from July 1-3 in northeast China's coastal city of Dalian.

Li stressed the country would scrap ownership limits for foreign investors in its securities, futures, and life insurance sectors in 2020, a year earlier than scheduled. As for some concerns over inequality when coming into the Chinese market, the premier said China would be consistent in shoring up multinationals and globalization progress. 

Hans-Paul Burkner, chairman of consulting firm BCG and an attendee at the forum, is optimistic on China's market access and the prospect of overseas investment flowing into the Chinese market.

He noted China is a "developed economy" and Chinese companies are "very competitive". As competition intensifies, Chinese companies will bring out their best. The competition will lead to more innovation and more transformations of Chinese companies, granting them the ability to compete internationally at the top level. 

Opening up is not only good for China or other foreign players but also really beneficial for Chinese companies in the long term, according to the businessman.

The BCG chairman mentioned Chinese companies have to think about their global footprints – where to compete, how to compete and whom to work with.