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"Establishing their own wealth management subsidiaries is one of the steps taken by banks to make a transition in terms of asset management. What is more challenging for the reform is how the customers will react to the switch of wealth management products from the expected returns model to the net asset value model, which does not guarantee the return of principal and interest," he said.

"Every percentage point of the country's GDP growth is translated into more new jobs," said Wu Ge, chief economist of Changjiang Securities, citing recent data.

"Factors leading to the increase in M&A activity include the search of Chinese companies for overseas growth and intellectual property rights," said Feng Lin, founder and chief executive officer of DealGlobe. "And their easy access to financing."

"Especially for us living in China, we observe how strong the sharing trend has become.

"Due to this, the US government failed to give effective warnings to the public and failed to get prepared for the potential consumption of medical resources caused by the pandemic, bringing the American people to the brink of infection and death," it noted.