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Analysts from a leading Chinese think tank said they were optimistic about the prospects for China-US trade and investment, calling for a restart to negotiations on a bilateral investment treaty and for the promotion of cooperation in fields such as services trade and energy.

Analysts expect the first batch of new listings under the registration-based system on the innovative startup-heavy board to debut by early September, helping sustain investors' rising appetite for growth stocks.

Analysts said a key difference between Level 3 and Level 2 functions, like those found in Tesla cars, is that drivers will be allowed to take their eyes off the road and perform other activities under certain traffic or environmental conditions.

Analysts said the market response to this tectonic shift in consumption pattern will be clear and in one clear direction－up－barring a few periodic corrections.

And should the automakers overcome all these hurdles, shareholders will be prohibited from selling their shares before the new plants reach their designed capacity, which should be no less than 100,000 passenger cars a year or no less than 5,000 commercial vehicles.