Yes, the first mover advantage is critical. It will really be important first for financial institutions. Canada, being the only country in the Americas to have this designation, has a very short window before China liberalizes its capital account to offer these services, not only to Canadian companies but to companies in the Americas that deal with China.
The second piece of this is taking advantage of the lower transaction costs and increasing trade with China. For companies particularly in resources where margins can be particularly thin, having this lower transaction cost means there's actually a chance to beat out competitor countries and win contracts in China.