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And when compared with the various benefits conferred by the hukou, the other subsidies are seen as far less attractive, the report said.

Analysts expected that some Hong Kong or US-listed tech giants will likely be selected for the CDR program.

André Hoffmann, vice-chairman of Roche, said that the CIIE is an important platform for the company to showcase its offerings to the Chinese. He added that Roche will be displaying its latest products and technologies related to the treatment of diabetes and cancer at this year's event.

Analysts from Essence Securities said 5G and telecom stocks will continue rebounding after the positive outcome of the ZTE incident.

Analysts pointed out that Huawei's new software push will boost its enterprise-level businesses like cloud computing and further supplement the fast-growing telecom business, which accounted for 40.8 percent of its total revenue last year.