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"CIIE is a significant move to support free trade," said Ren Hongbin, chairman of Sinomach.

"But we will be very cautious about overseas expansion, to ensure a steady development of the group," he added.

"But now with SWIFT GPI, the banks in China can now facilitate those tuition payments stripping out the friction ... making them faster and more information rich."

"By supporting this sector with cheap credit, market access for their products and encouraging innovation, it will create avenues for partnerships that Chinese enterprises are looking for," he says. "Supporting a culture of pursuing further education would also boost their competitiveness."

"By advocating democratic consultation, we are placing our hope on the people of Taiwan and respecting the mainstream public opinion of the island," Guo said.