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Analysts said Chinese oil and gas companies' participation show the growing interest of China, the world's top crude oil importer, in Brazil, and it is believed the presence of Chinese energy behemoths will further enhance in the future, as both countries are complimentary in resources, technology and capital.

Anbang, based in Beijing, has engaged the expertise of consultants to oversee the preservation of several iconic Waldorf Astoria items, including the Cole Porter piano, the World's Fair Clock Tower, the Kennedy Rocking Chair and the MacArthur Desk.

Analysts are expecting more radical steps to push the reform forward, as the timing is right for China to create a level-playing field.

Analysts said the costs for producing hydrogen-powered vehicles can decrease through mass-production and the substitution of expensive metals.

And the elimination of fraudulent companies from the market will improve the overall quality of Chinese listed companies. Consequently, stock prices may increase owing to the lower risk perception associated with Chinese companies.