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"China's automotive industry has been the global leader, especially in setting the latest trends and advancing cutting-edge technologies," said Johan Karlberg, a Shanghai-based partner at Roland Berger Greater China.

"City and rural commercial banks are targeting smaller clients with higher risks. Their level of comprehensive management is weaker than that of large banks, and they did not make accurate asset classification in the past based on risk exposure," Zhang Naixin, deputy director of bank ratings at China Chengxin International Credit Rating Co, said in an online conference on Thursday.

"Chinese researchers and entrepreneurs are among the best in the world, with technological innovations and good earnings in the sector," said Liu Lihua, vice minister of industry and information technology.

"Chinese companies listing in the US can have unparalleled access to knowledge capital in the US market, a market where investors are aware of the intrinsic value. Enterprises will continue to evaluate each market based on its unique characteristics to find the best fit for them," Giglio said.

"Current conditions are already favorable for China to further widen market access, and have led to a critical window for China to continue opening up," said Niu.