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"For short video services, they meet people's growing need for new forms of entertainment and they better transcend cultural barriers," Dai said. "But, they still need to focus on facilitating localization in different markets, as it is really hard to apply their former operations experience to a new market.

"Gree's future development relies on core technologies. Establishing the stations will help us to enhance our capabilities in technology R&D, which is driven by consumer demand," said Dong Mingzhu, president of Gree Electric Appliances Inc.

"From January to May, SOE profits rose 20.9 percent, with the growth and profit rate up 10.2 percent and 10.7 percent respectively." Li said that the major reason behind this is cost cutting, which is directly related to the reduction of financial leverage.

"For gold company transactions, acquisition prices, relative to the prevailing gold price, were on average at the lowest level since 2011 and the second lowest since 1998," it said. The bank said it sees production profiles under pressure and reserves in decline after years of underinvestment.

"For private investors, this would also become a new and more stable way of investing," he said.