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"Currently, SMEs are expected to ensure enough cash flows and prevent disruptions by increasing business income, reducing operating costs and obtaining external financing," said Huang Yiping, a professor and deputy dean of the National School of Development at Peking University.

"Cultural companies were absent from the IPO deals in the TMT sector, indicating the sector's development is imbalanced. But with the new guideline, it can be predicted that there will be more cultural companies going public in 2019," said Wang.

"China's process industry is catching up to the rest of the world in terms of sustainable, high-quality development, yet many companies don't know how to well structure the strategy to execute it," said Chen Yan, vice-president and general manager of Honeywell Process Solutions, China.

"Compared with the traditional scanner, the new one is more sensitive," he said.

"Chinese consumers want to try something different and feel like they are sophisticated and part of the global elite. That's what Starbucks gives them. That's what Western brands need to tap into," he said.