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"Having Mark as the CEO of China brings the best of JPMorgan to this market," said David Li, JPMorgan's senior country officer for China unit, who will also become a vice-chairman of global banking. "I look forward to working closely with Mark as JPMorgan China enters into the next phase of investments."

"Future growth will be built on productivity, and productivity in China's next stage of development has to be based on innovation. This will mean high-quality growth, not just growth."

"Harnessing the power of zero-emission technology, e-POWER, intelligent driving and intelligent integration, we're well-positioned for the competitive and rapidly changing motoring landscape in China," Seki said.

"Financial stress is actually a significant mortality risk factor akin to things like heart disease and diabetes," he said. "It has a profound impact on longevity and health overall and mental health."

"For the most part, the ones that I fear the most for are the loyal guests that we have, [who are] particularly going to revert back to traditional cigarettes, because I know a lot of them are not ready to give up the nicotine wagon there," he added.