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"By further improving its public transport system and intensifying its green urban infrastructure, Shenzhen might serve as a role model for its neighbors and other cities," he said.

"But, China has been facing an asset shortage problem since 2015 in terms of high-return and low-risk products," notes Sun, adding that developing competitive and innovative products with stable returns and low risks, plus educating investors, are crucial for asset management companies.

"But still, there are plenty of uncertainties, and fluctuations are very normal. I don't worry about the influences (on the renminbi value), but you need to manage the fluctuations. It requires more instruments to hedge risks," Daniel Schmand, chairman of the International Chamber of Commerce Banking Commission and head of trade finance at Deutsche Bank, told China Daily on Wednesday.

"By listing on the Nasdaq, Viomi hopes to better focus on the development of home appliance technology and further expand brand awareness, as Nasdaq is known as a tech-heavy stock exchange," Xiaoping Chen, co-founder and chief executive officer of Viomi, told Xinhua after the opening bell.

"China has made breakthroughs in a number of key technologies and equipment, including nuclear power, unconventional oil and gas, and gas turbines," he said, adding that innovation in areas such as smart grids, electric vehicles, large-scale energy storage and energy big-data are becoming increasingly dynamic.