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Animation Cloudbabies features characters who take care of the sun and moon. [Photo provided to chinadaily.com.cn]

Another reason supporting the renewed optimism is the belief that a trade deal between China and the United States is imminent, after a long drawn-out trade spat.

Another 16 have passed IPO reviews and are awaiting the CRSC registration, including Yihai Kerry Arawana Holdings Co Ltd, a food producer that plans to raise as much as 13.87 billion yuan from its ChiNext IPO.

AppTec's established brand was also important to WuXi, especially in a highly sensitive field such as biotechnology, where scientific patents and research are closely guarded.

Another advantage is that it can increase transaction efficiency, Shu added. A manager surnamed Yi at a bookstore in Shenzhen told China Daily that the monetary value of sales is deposited directly into the store's bank account and there is no need to operate another third-party account. However, Shu said customer choice dominates the future of the payment structure. As existing channels have covered nearly all consumption scenarios, the digital yuan needs to make breakthroughs for broader acceptance.