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Analysts expected that some Hong Kong or US-listed tech giants will likely be selected for the CDR program.

Analysts said the move is more of a policy fine-tuning, aimed at strengthening the market's confidence on liquidity, instead of the aggressive stimulus or high-profile monetary easing.

Analysts see the upward trend continuing. Another market research company Gartner predicted that worldwide shipments of wearable devices will reach 225 million in 2019, up 25.8 percent from the figure in 2018 and driven chiefly by markets including China.

And since Uber's board members, including Kalanick, agreed to offer him the job as CEO, he could have backing if he butts heads with those resentful the founder was pressured to step down.

Analysts believe Chinese grid operators should conduct more efforts to transport supply across the country to avoid waste of power.