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And what both sides agreed on was likely about preserving the status quo, he said, adding that from how the market reacted today, the decision was accepted by shareholders.

And, starting May 1, foreign companies will be allowed to apply for licenses to conduct oil and gas exploration and production. Last year, the Chinese government implemented a "negative list" system that allows foreign investment in any sector not explicitly prohibited. And, the new foreign investment law allows 100 percent foreign ownership in most areas and treats foreign firms as legally the same as domestic firms.

And ironically, depending on the criteria used, some of the benefits could go to Chinese-owned companies.

Analysts have said the current stock-buying boom is reflective of investors' "fear of missing out" on future gains as equities drift higher during a low-volume trading period.

And she’s one of 8,000 interns that Amazon has taken on this summer around the world, hosting all of them virtually for the first time. Patel is grateful that the tech giant maintained the program despite the challenges — many of her peers are without work this summer due to cuts in programs.