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"Foreign investors will prefer to hold the government bonds as the Chinese government has vowed to channel the funds into the real economy and accelerate production resumption, which will strengthen the market's confidence in economic recovery," said Wong.

"Growth in the September quarter will be weighed down by the lockdown in Victoria, and beyond these continued health concerns, ongoing restrictions and the dialing back of income support will all weigh on the economy," Hunter added.

"For Halo Foods, such cooperation will help the Pakistan firm to further explore the potential of the Chinese market," said Shahbaz Siddique, financial head of Halo Foods.

"Generally speaking, small and medium-sized banks still have adequate capital and liquidity. Their overall risks are under control," said Wen Bin, principal researcher at China Minsheng Banking Corp Ltd.

"Further opportunities will come for future development such as GDI injector and electrical components for new energy vehicles," he said.