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"Funds from this round of financing will be mainly used in the research and development of the community and trading system as well as recruiting talent to further improve user experience on investment and communication at Xueqiu, and to provide them with cross-market and multi-category stock and fund trading services," said Fang Sanwen, founder and CEO of the platform.

"For instance, venture capital heat is cooling down currently. The market now has more rational and calm voices, and the opportunity will born at this time," he said.

"From the market perspective, of course, the internationalization process requires the RMB exchange rate to be more flexible and market forces should be allowed to play a sufficient role," said Huang Jun, chief Chinese analyst at Forex.com, the foreign exchange trading platform under Gain Capital Holdings Inc.

"Fueled by increasing demand from emerging industries, such as technology, healthcare, and finance, we anticipate the Beijing office market to be well on the road to recovery as early as the end of 2021."

"For small and medium-sized enterprises, the initiative is simply too large. Individual companies may find it difficult to deal with a new country - that is where the Trade Development Council can help," he said.