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Another measure grants a 50 percent rent subsidy for six months to retail shop owners and leisure facility operators whose businesses are located at properties owned by the city's Lands Department, Leisure and Cultural Services Department or Government Property Agency.

Another strategy that Yum and McDonald's have adopted is to be more mobile by embracing digital channels for sales and delivery services. The two giants have already introduced cashless payment methods by teaming up with China's most popular e-wallet service providers Alipay and WeChat Pay.

Another positive factor is that a pan-Asia network of railways is taking shape that can connect China with other Asian neighbors.

Apart from Ping An, 11 listed companies have buyback plans valued at over 1 billion yuan each. These include China Merchants Securities, consumer electronics giant TCL Corp and display-advertising firm Focus Media.

Anthony Fauci, director of U.S. National Institute of Allergy and Infectious Diseases, said Wednesday he is worried about how much the virus will spread in holiday celebrations, and what the pandemic will look like in three weeks when those new infections will have manifested.