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"China has made significant progress over the past three years in terms of market development and now meets all of the index inclusion rules," said Gloria Kim, Global Head of Index Research at JPMorgan.

"China continues to be a fertile ground for companies with rapidly scaling revenues and innovative business models, which supports the capital market performance of Chinese companies," said Stephanie Tang, China head of private equity with Hogan Lovells, a global law firm.

"China has related laws and regulation in terms of the misconducts. But there is still a long way to go before we put them into actions," he said, adding that the ministry will strengthen its supervision over charities to make these organizations better serve the public in the future emergences.

"Car dealers won't be replaced," he said emphatically. So, the real question is how to update and maximize their services in the right direction.

"But now the global industry reaches a consensus that the real potential lies in the marriage between big data and the real economies," Wang said.