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"Foreign trade development will further coordinate with national economic growth, environmental resource protection, industrial structure adjustment and regional development strategy," she said.

"Financing difficulties of high-tech industries discouraged many Chinese companies from (investing in) the industries. The STAR Market, however, has the potential to correct this resource misallocation and therefore notably enhance productivity," Xue said.

"For my third trip to China this year, I would say that China has as many entrepreneurs and the same type of entrepreneurial vision that there is here in the US," said Robert McCooey, senior vice president of Nasdaq's Listing Services unit, during a panel discussion here late Friday afternoon.

"For creative teams, we want to keep that motivation and confidence amid constant changes. That's why we need clear and tangible directions one at a time."

"For example, we have a lot of automotive companies in China looking at the state because we already have a thriving auto industry," she added. "Our business-friendly environment and tax policies are also big draws."