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"Europe and the United States are leading the world in terms of urbanization, thanks to their first mover advantages. While in Asia, specifically in China, the government has been promoting its urbanization strategy for years, which helps the country achieve the highest urbanization growth rate globally and a vast space for development in the future," Deloitte said.

"During the review process of the approval system－where regulators decide whether a company can be listed－regulators actually judge the investment value of companies filing IPO applications," Dong said.

"Despite limited room for policy easing and the authorities' cautious policy stance, we believe the government will need to increase monetary and fiscal measures to stabilize financial markets and bolster growth because of strong growth headwinds," said Lu Ting, chief economist with Nomura Securities.

"During the outbreak, we ensured that two workers managed a venue for big animals while one was responsible for the venue that houses small animals," Wang said, adding that all the feeding and animal-keeping practices have remained unchanged.

"Despite the novel coronavirus pandemic, the company's export value increased about 70 percent in the first four months of this year, compared with the same period of last year," Qu said. He added that the growth was mostly driven by hand-torn steel.