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"From a long-term view, China is building the 'smart' highway for autonomous driving and intelligent collaboration vehicles and roads. Also, the nation aims to gain a lead globally in the field," he said.

"For better distribution of wealth," Wang suggested, "the government can also consider raising taxes on those making HK million a year or more, and increasing taxes on property transactions valued at HK million or more."

"Good PMI data and good earnings performances by listed companies in the first half have contributed to today's share rise," said Hong Hao, chief strategist at BOCOM International Ltd, adding that large-cap shares and upstream resources stocks performed the best.

"Green and low-carbon development is key to the industry's high-quality development, and in the past few years, we have made considerable progress," He said during a forum held in Beijing by the China Metallurgical Industry Planning and Research Institute.

"Genki Forest products have unleashed a strong desire for sugar and calorie-free carbonated water among younger consumers," Li said.