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Analysts expect this move to benefit companies across the country.

Analysts at Shanghai Chongyang Investment Co, an asset manager, said in a research note that the bond market may bear short-term pressure as some financial institutions would seek to sell bonds in compliance with the new regulation. They added that mid- and long-end interest rates in the market will likely remain at a high level.

Analysts attributed the recent depreciation to the dollar's strengthening during the three-day International Workers' Day holiday, when the onshore yuan trading stopped.

And the Grand Kempinski Hotel Shanghai's Acqua Italian Restaurant reopened on May 18 after being shut down in February.

And online sales are only one of the many new growth engines buttressing the Chinese economy.