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Analysts expect worldwide airline revenue to plunge by billions of dollars this year. As a result, airlines have canceled orders for new planes. There will be no immediate turnaround, even as some states and countries take initial steps to restart the economy.

And "if markets like this persist for many days or weeks, things could change," said Peter Crane, President & Publisher of Crane Data - Money Fund Intelligence.

Analysts said the new company's establishment is in accordance with China's plan to boost non-polluting power's role in the country's energy mix, as well as the coordinated development of the Beijing-Tianjin-Hebei region.

An unnamed spokesperson for the Liaison Office of the Central People's Government in the HKSAR also voiced support. The HKNP has blatantly advocated and spread the notion of separatism in gross violation of the Constitution, the Basic Law of Hong Kong SAR and relevant local laws, the spokesperson said.

Analysts said that as increasing numbers of investors attach importance to cash dividends and see it as a major goal for long-term value investment, China's listed companies will need to make payment of cash dividends one of their priorities when rewarding investors.