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Analysts at Shanghai Chongyang Investment Co, an asset manager, said in a research note that the bond market may bear short-term pressure as some financial institutions would seek to sell bonds in compliance with the new regulation. They added that mid- and long-end interest rates in the market will likely remain at a high level.

Anbang, known for a string of high-profile overseas acquisitions, has total assets of about 1.97 trillion yuan (1 billion). It was ranked 139 on the Fortune Global 500 list last year, according to its website.

And even though it was Amazon that decided to back out, the company saw the digital writing on the wall.

Analysts said the new development pattern has marked a strategic shift in China's policymaking and is expected to serve as a policy framework for the upcoming 14th Five-Year Plan (2021-25).

An online booking platform for the tourist attractions is expected to begin operating on Saturday and the number of visitors allowed is capped at 50 percent of the maximum daily capacity, he said at a news conference.