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"Complacency is our greatest threat and any business that thinks they are above the law will face serious penalties," Dominello warned.

"Chinese-owned companies in the UK commonly regard the UK as a bridgehead, from which they can expand their business model to Europe," he said. "But Brexit can change it. That's why a considerable number of enterprises are still adopting a wait-and-see approach, during which the cost burden is increasing," he added.

"Cui has vividly interpreted the core values of Chinese socialism and has set a good example for others," said Li Dequn, one of Cui's colleagues. "He himself is thoroughly forged of special steel."

"Chinese New Year festivities are among the highlights of Chicago's arts and culture calendar every year," said Choose Chicago president and CEO David Whitaker.

"Chinese companies may overlook the regulatory and compliance complications of investing in the country. These include an intricate tax regime and stringent rules around employment and data protection."