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As the trends develop, luxury brands' quest to attract buyers will quickly move from offline to on. Within five years, the luxury industry will enter into a digital 2.0 era where the online and offline connect closely, said Wang Jiaqian, partner at Boston Consulting Group.

As temperatures drop in the vast northern regions, many people — especially retirees — are packing up for a long stay in warm southern places such as Hainan Island. This trend is in turn warming up the domestic winter aviation market, according to data from domestic travel agencies.

As schools for retirees are run as charitable institutions and are mostly government-funded, the average tuition fee costs only about 200 yuan () per semester. It would cost an elderly about 5,000 yuan to complete a course and graduate. But for many of the students, graduating is hardly on their minds.

As the country's economy and business activities continue to normalize, household incomes at the provincial level also saw improvement. For cities, Shanghai and Beijing continued to lead the rankings in terms of per capital disposable income, which exceeded 34,000 yuan in both cities in the first half, said the NBS.

As such, the institute's professors, most of whom have rich experience in financial systems in the West, are well-positioned to share their past experiences and pass on their knowledge to the new batch of financial talent in China, according to Chang Chun, executive dean of SAIF at Shanghai Jiao Tong University.