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And they are among the most earnest to embrace digital wallets. An overwhelming 87 percent ranked e-payment as the top choice for purchases, while 83 percent use the payment method on a daily basis.

Analysts from a leading Chinese think tank said they were optimistic about the prospects for China-US trade and investment, calling for a restart to negotiations on a bilateral investment treaty and for the promotion of cooperation in fields such as services trade and energy.

Analysts say investors sentiment has been lifted because oil markets were also driven by optimism following the talks between the two leaders, which exceeded market expectations.

Analysts expect bigger players to gain a market advantage over smaller rivals with consolidations going up amid the changing industrial landscape

And information on the National Enterprise Credit Information Publicity System showed that a unit of China's real estate giant Vanke Co Ltd was registered on Oct 10, with 2 billion yuan registered capital and Hebei's Xiongxian, part of Xiongan New Area, as its registration place.