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Analysts said that, considering Lexus is not producing cars in China, its current performance is fairly decent.

Analysts said the market rebounded as investor panic faded on the nation's swift actions to tackle the disease, and as many investors had awaited a market fall to up holdings and prepare for a potential bullish trend.

And since organizers established the China Focus program last year, the festival has become a platform from which Chinese artists can share their talent with an international audience.

An opening ceremony was held Sunday in the Hangzhou Future Sci-Tech City, with more than 1,000 people in attendance. A total of 11 institutions and companies signed 10 agreements on 5G technology at the ceremony. The agreements included cooperation on developing the digital economy and the building of artificial intelligence (AI) research centers and smart vehicle testing platforms.

Analysts said such efforts have helped open new channels for investor education, in addition to expanding distribution channels and improving efficiency.