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"China is at a new historic juncture," said Liu, "China's main task now is to address the imbalances and inadequacies in our development in order to meet the people's ever-growing needs for a better life. This will determine what policies and strategies China will adopt."

"By reinforcing their moats, industry leaders will become even stronger, and the sector will present a higher competition threshold, and the market centralization will become more obvious," said Neil Wang, president of Frost & Sullivan China.

"China is increasingly amongst the leaders in global innovation and branding," WIPO Director General Francis Gurry said.

"By providing authentic and firsthand information on unmarketable products, we want to make full use of data analytics of e-commerce platforms and help tap demand in a more efficient manner," said Zhang Xinyou, a botanist and academician on Alibaba's expert team.

"ChiNext-listed companies are going to benefit the most from the new rules. According to a rough estimate, the removal of the profitability requirement will make at least 125 ChiNext-listed companies eligible for refinancing and the removal of the debt-to-asset ratio requirement will make 535 of them qualified for share sales," Ma Tingting, an analyst from Guosheng Securities, said in a research note.