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"Chinese commodities, services and brands of the past represent quality, the Chinese spirit and creation of China," said Ma Qiji, a media researcher at Peking University. "It's a necessary attempt to bring new life to those brands with digital methods."

"China will develop a stronger multi-layered capital market, which includes large stock exchanges, regional equity markets, private funds and venture capital funds, to better support the development of innovative enterprises," he said while highlighting the importance of daring innovation in the banking, insurance and securities sectors.

"China's speed in pushing forward the new board has beaten market expectations," Dong said. "The first group of listed firms may start trading in late March at the earliest."

"Chinese companies will have better access to the global market by showcasing their products online, given that the COVID-19 pandemic has already cast a shadow over global trade," Wu added.

"China should not lose focus in reducing financial risks, and we have confidence that it will succeed in this difficult task," said Goldberg.