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Chief executive officers, including Daimler AG's Dieter Zetsche, Schneider Electric SA's Jean-Pascal Tricoire and Dow Chemical's Andrew Liveris, talked openly about the challenges ahead and the "spirit of boldness".

Chen Weidong, a law professor at Renmin University of China, said some controversial court rulings in such cases reflected the historical limitations on how to view and handle private enterprises in China at that time. Judicial authorities' misunderstanding and wrongful application of laws should also be blamed.

ChiNext, China's innovative startup-heavy stock market, may see its first initial public offering under the registration-based system later this year, an indication that reforms are on track despite the ongoing novel coronavirus outbreak, experts said.

Chen said companies engaged in agriculture, machinery equipment, energy and aircraft manufacturing will be key M&A targets for Chinese players this year.

Chengdu's total foreign trade volume from January to June topped 323 billion yuan (about billion), up 23.5 percent from the same period last year.