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Analysts from Jufeng Investment Information said the Shanghai Composite Index hit 3,458 points in July, the first time that the index had crossed the 3400 mark. The performance of companies, including nonferrous metal companies, which are closely related to economic cycles, started to pick up in July after the economic recovery started gaining momentum. While there were price fluctuations in October, resources companies such as nonferrous metal companies and coal manufacturers started showing strong growth from early November.

Anchor already sells 100 million liters equivalent of liquid milk products annually in China, including ambient yogurt, dairy foods and adult milk powder, Christina Zhu, president of Fonterra China, told China Daily in an earlier interview.

Analysts said it still remains to be seen whether the license can save Yidao given its rocky relationship with drivers and the strict operating rules.

Analyzed by industry, the accumulated inward direct investment in the gaming sector rose by 37.2 percent year-on-year to 181.21 billion patacas (about .70 billion).

Analysts believe the central bank would prefer mid- to long-term policy tools over reverse repos, which boost liquidity in the banking system within a short period of time, as it faces a major task in reducing costs of long-term financing.