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An said that since last May, the number of travellers from the mainland to Taiwan had dramatically decreased over concerns of safety, after a series of accidents involving tourists.

Analysts said the latest regulatory measures put pressure on domestic companies, with the smaller players set to face the heat in the long term.

Analysts said that Chinese banks, especially small and medium-sized lenders, are under great pressure because they are less capable of bearing risk when facing economic downsides. They also face higher standards of regulatory metrics, especially regarding nonperforming loan and capital adequacy ratios.

Anant Agarwal, CEO of online education platform edX and winner of the Yidan Prize for Education Development, is dedicated to helping aspiring students reach for things beyond their grasp. [WILLA WU / CHINA DAILY]

Analysts say their fast response is intended to attract customers and help keep a rising trajectory they have managed to achieve in an overall sluggish and increasingly competitive market. They expected more premium brands to join the race.