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Analysts also said that the low prices of China's exports have failed to reflect the real value of the precious resource.

And what both sides agreed on was likely about preserving the status quo, he said, adding that from how the market reacted today, the decision was accepted by shareholders.

Analysts said the recovery will also bring more foreign capital into the A-share market, as hedging tools, which rely on a stock-index futures market, are essential tools for overseas institutional investors.

Analysts said that the government may need to raise more than 4 trillion yuan from the domestic bond market between June and September, which is a significant amount and the People's Bank of China, the central bank, will have to take measures to facilitate the bond issuance.

Analysts deemed Jia's resignation as CEO was clearly a critical move in the reform which appears to have already begun implementation.