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Angle is working on a book titled Confucianism as a Way of Life.

Analysts said that as investors are more tolerant to loss-making companies, more such companies are likely to be listed, but profitability and business models are key to share price performance in the long run.

Analysts say that after the yuan exchange rate against the dollar hit a six-year low level in December, the yuan's performance against the greenback has been steady after the US currency lost its upward momentum.

Andy Mok, research fellow at the Center for China and Globalization, an independent think tank in Beijing, believes such legislation is vital if China is to advance to the next stage of its development.

Analysts from Morgan Stanley Huaxin Fund Management Co Ltd wrote in a note that Chinese people will allocate more of their household assets to equity investment in light of the low interest rate at the moment. As the market sentiment stabilizes, additional capital will continue to flow into the A-share market, which will bolster the positive, long-term outlook for the A-share market.