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Companies in the sectors of agriculture, electronics saw robust growth in share prices, with shares of Xinjiang Talimu Agriculture Development Co Ltd surging by the daily 10-percent limit to close at 5.36 yuan per share.

Commenting on the US using state power to suppress Chinese company Huawei, Garcia said the restriction the US adopts on Chinese high-tech companies will harm all humanity, because the digital revolution across the world will bring benefits to all humanity, and what the world needs is opening-up and cooperation, not competition and restriction.

Cong said many sectors have emerged as beneficiaries of the recent outbreak, including online shopping, online education, telecommuting, online entertainment and smart manufacturing, pointing to the strong resilience and potential of the Chinese economy.

Company revenue reached 200 billion yuan last year, a year-on-year increase of 33.33 percent.

Compared with the introduction of a deposit insurance scheme, it is more important to establish the legal and risk disposal procedures, Wu said, noting it is increasingly possible that bankruptcy will occur in China's banking system as time goes by.