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"Having Mark as the CEO of China brings the best of JPMorgan to this market," said David Li, JPMorgan's senior country officer for China unit, who will also become a vice-chairman of global banking. "I look forward to working closely with Mark as JPMorgan China enters into the next phase of investments."

"Given the overall impact (of the epidemic) should be short-term, bottom fishing on oversold quality names makes sense," said Lynda Zhou, chief investment officer for equities in China at Fidelity International.

"Foreign investors are also gradually quitting labor-intensive industries and shifting to services and technology-intensive industries in China," he said.

"For example, the municipality's master plan (2017-35) mentioned that Shanghai should give full play to its role as a core city from the perspective of the coordinated development of the delta region, strengthen the division of missions and collaboration with neighboring cities and build a metropolitan region into a world-class urban agglomeration with global influence," she said.

"Giant pandas will be the major species under protection in the national park. Apart from them, more than 8,000 kinds of wildlife, including snub-nosed monkeys, will also benefit," he said. "The national park will not only boost the population of wildlife in the region but also protect their habitat for better biological diversity."