Companies may face challenges

Chinese enterprises may face challenges in using Britain's position as a gateway to expand their businesses in other European countries after the United Kingdom voted to leave the European Union, according to an insider.

Andrew Yuan, managing director of Hytera Communications UK, said Chinese companies in Britain are likely to see their businesses hurt by the decision, as many of them use UK headquarters to cover their business in other EU countries.

"Take my company as an example. About 45 percent of our revenue last year came from European countries outside the UK. I am worried that about one-third of our businesses may be dampened if the UK actually leaves the EU."