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Analysts agree that the adoption of the registration-based system on a wider scale will make it easier for companies to be listed and help steer the capital market to shore up the real economy.

And, this year, 14 Chinese companies made it onto WPP's global top 100 brands ranking, which was a huge improvement on the sole Chinese entry on the list in 2006.

Analysts with Haitong Securities said in a research note on Thursday that pushing the financial sector to sacrifice profits is an inevitable choice for the government to help smaller business survive a difficult period given the limited room for further monetary easing.

Ancestors were stateless for more than two centuries before the modern generation was awarded Chinese citizenship. Zhang Wenfang reports from Shigatse, Tibet autonomous region.

An unnamed Blue House official told local reporters earlier in the day that the meeting between the emissaries and the DPRK leader bore fruits, which were "not disappointing."