Pictet will steadily strengthen its investment and research capabilities in Chinese equities and renminbi bonds as the Swiss firm foresees a positive outlook for China's economy.

"We are confident about our business in China," said Junjie Watkins, equity partner at Pictet Group and CEO of Asia, excluding Japan, at Pictet Asset Management, adding that the company's senior executives in Switzerland are planning to travel to China soon.

Watkins said Pictet is particularly upbeat about the secular growth potential in China's environmental sectors given the country's commitment to net zero and will continue to provide new offerings that capture the abundant opportunities from China's environment investment landscape.