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Analysts pointed out that the impact on Huawei is "limited" as the Shenzhen-based company has the potential to develop its own system and has been preparing a Plan B for years to counter a potential ban.

Analysts said the firms facing delisting risks from continuous low stock prices usually lack profitability and even indulge in misconduct.

Analysts said Allianz's plans in China highlighted the regulator's desire to further open the domestic market to foreign players and it could mean that foreign insurance companies could enter the Chinese market by establishing wholly-owned local units in the future.

Analysts believe China's growing gas demand will put State-owned companies under mounting pressure to open their terminal and pipeline infrastructure to more end users as the government seeks to improve end-user cost efficiency and enhance supply security.

Analysts with the federation attributed the mild decline to stock replenishment after the Spring Festival in preparation for later peak season sales promotion.