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Analysts say that ESOPs have become the buyers because they can absorb large amounts of stock, and purchases by ESOPs are often seen as a positive indicator of a company's prospects.

Analysts believe the inclusion of China's A-share market in the MSCI index is a win for the Chinese stock market, the MSCI and global investors.

Andrey Denisov, Russian ambassador to China, said China "has attached great importance" to the institution-building of CICA, and its efforts include promoting semiofficial or nongovernmental dialogue.

Analysts expect the company to report a significant loss, reflecting the downturn in air travel as individuals and businesses cut back during the COVID-19 pandemic.

Analysts from China International Capital Corporation Ltd wrote in a report that companies with their business focused on upgraded consumption and new economy are likely to show strong performance in the mid- to long-term.