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"Hayao's investment in GNC is a testament to the strength of our brand and the tremendous global opportunity ahead, including in China. By partnering with Hayao and pursuing plans to amend and extend our term loan facility, we enhance our capital structure and financial flexibility and establish a strong platform for growth in the Chinese market."

"For a good company, there are many destinations for listing, and these are not limited to the US. We don't think that the US government's measures would have an irreparable impact on our business," said Li.

"For restaurants, for small stages around the country, again, more money needed for PPP, more money for the airlines and the rest. So, we may need more money than that," she said, referring to the Paycheck Protection Program for small businesses.

"Given that the downtrend in economic growth had largely eased by the end of the first quarter, the aggregate ROE of A-share companies has probably hit the bottom," said Xu Gao, chief economist at Everbright Securities Asset Management Co Ltd.

"Fires such as these will provide a critical test of the standards that are now imposed. The big problem is that we have inherited a legacy of past development where standards were much looser or nonexistent, leaving a great deal of property exposed to fires.