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"For the first time I can say we have had substantive discussions, negotiations, and progress on all four issues."

"First, their increasing manpower costs increase their cost of doing business in China. This may at first seem bad for China's competitiveness but, in the longer term, higher wages also mean that companies have a more productive, higher skilled labor pool to hire from," said Yu. "This would allow them to move up the value chain."

"Guess who is the most envious of my job?" Liu jokes. "It's my granddaughter! She's jealous of all the ice cream I get to eat. After all, who could refuse such delicious treats!"

"Having a secondary listing in Hong Kong can help grow these companies' investor bases, considering the Shanghai-Hong Kong Stock Connect mechanism," Liu said.

"For example, games with cutesy characters with large heads are usually unpopular with Westerners," Tang said, stressing that tastes vary from country to country. "Russians like fierce war games, while the British prefer strategy games in which they can ponder the next move quietly on their own."