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Assets held by China's centrally-owned enterprises have reached 53 trillion yuan ( trillion) by September 2017, up 80 percent from five years ago, Hao said.

Assessment of other indices will tell investors roughly the same story. Currently, the Hang Seng Index or HSI, the leading benchmark index of Hong Kong, trades at 0.99 P/B ratio. Its lowest points in 2008 and 2016 were 1.09 and 0.88 respectively. This shows roughly the same picture as what can be told by the valuation comparison of the HSCEI.

At least 35 people in the United States are infected with the novel coronavirus, and US officials are working with state and local health departments to prepare for a possible pandemic, according to the Centers for Disease Control and Prevention, or CDC.

Aside from the tough stance on market disorder, more efforts are required to foster a long-term mechanism to reform the banking sector, said Guo Tianyong.

At a time when the coronavirus-triggered recession looms large globally, China's pace of expanding opening-up has been accelerating, generating positive spillover effects on the world economic recovery.