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"But the US dollar remains the wildcard. If and when the greenback strengthens again, the renminbi will come under renewed pressure, reigniting capital outflows. Then we cannot rule out a further clampdown on outflows, in order to safeguard foreign exchange reserves," he said.

"China has recovered from the pandemic in a fast and efficient manner. We have seen the quick recovery of the Chinese consumer market and surging demand for raw materials and ingredients from other parts of the world amid the slow recovery in global productivity due to the pandemic," he said.

"By serving our own internal business for five years we have gained significant experience. So we think it is time for us to expand the cloud service to other companies and industries, because demand from the external ecosystem is very high," said Ericson Chan, CEO of Ping An Technology.

"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 is by far the largest market for mid-sized premium sedans," Tesla said in its quarterly financial statement recently, adding, "with Model 3 priced on par with gasoline powered mid-sized sedans, we believe China could become the biggest market for Model 3."