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As early as in 2007, Novartis established its institute for biomedical research in Shanghai, still in operation a decade later.

As a result, one of the brand's best-selling lotions saw sales of 300,000 bottles in just six months after launching on China's e-commerce platform Tmall, and upward of 70,000 bottles on June 18, the day of China's mid-year shopping spree.

As far as investment is concerned, he believes that any projects that are being implemented should bear a clear and concrete benefit for both sides, and should be based on a level playing field.

As a first step, however, the T+1 system would help boost trading and liquidity on the new board, said Xue Yi, an associate professor of finance at the University of International Business and Economics in Beijing.

As client demand rebounded, output and new orders both increased at the fastest rates for 10 years, which has led manufacturers to expand their workforce, the report said.