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Analysts at China International Capital Corp Ltd said in a research note that A-share valuations could be more attractive after the latest correction and the stock prices will likely be supported by the listed companies' earnings improvements.

Analysts are equally as confident that the planned overseas listing will enhance the competitiveness and overall enterprise value of the company, while deepening the country's ongoing SOE mixed-ownership reforms.

Angela Chao, daughter of the renowned Chinese-American entrepreneur Dr. James S.C. Chao, who founded the Foremost Group, received an honorary award on Wednesday in New York with other Asian-American business leaders for contributions to the global economy.

Analysts said consumption is expected to continue to rise on the back of strong demand and growth in high-end sectors like jewelry.

And some major infrastructure projects had begun in the new area, including the construction of an intercity railway link with Beijing, which will cut the travel time between the two areas to 30 minutes from the current 80 minutes.