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Analysts from Shanghai-based financial service provider Noah Holdings Ltd wrote in a report that the inflow of overseas capital has been the major driver of the bounce in the A-share market, especially the undervalued sectors. Foreign investors' continued interest in the A-share market has generated a multiplier effect by attracting other capital into the market, said the Noah analysts.

Analysts said the moves will not only help offset this year's economic headwinds, but also spur long-term growth by revitalizing market entities and deepening economic restructuring.

Animal crossing traffic signs warn motorists to stay alert for animals due to nearby infrastructure roadwork in the city-state's remaining green area in the Mandai district leading to the Singapore Zoo. AFP

Analysts said they believe the upsurge of net profit and net income is a result of cost optimization and increased prices of natural gas, crude oil, refined oil and other products.

Analysts said a recent weak dollar is one major reason for the continued gain of China's forex reserves.