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"For Geely, going high-end can help it take more market share," said Alan Kang, a Shanghai-based analyst at LMC Automotive. "Geely needs to do that to better compete with global brands."

"Gathering various resources, the Greater Bay Area will benefit from economies of scale and agglomeration, enhancing the competitiveness of local enterprises and improving people's lives," he said.

"For my third trip to China this year, I would say that China has as many entrepreneurs and the same type of entrepreneurial vision that there is here in the US," said Robert McCooey, senior vice president of Nasdaq's Listing Services unit, during a panel discussion here late Friday afternoon.

"For a period of time in America, Chinese medicine seemed relegated to the past -- particularly in contrast to the high-tech advances made in biomedicine during the 20th century. But it is fortunate that much has been preserved and brought forward, as Chinese medicine is relevant today in our evolving understanding of the human body, medical sensibilities, and the nature of health and healing," said Donna Mah, a faculty member of Pacific College of Oriental Medicine in New York.

"For this purpose, current provisions that have constrained development of the market should be removed," Hong said.