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"China will carry out more polices in further opening up the telecom sector," said Miao Wei, minister of industry and information technology, at a news briefing on Tuesday.

"Corporate sentiment remains cautious and concerns about policy and market environment still linger. The willingness to restock is still not strong enough. These factors could constrain China's economic recovery, which requires continued policy support," Zhong said.

"Co-workers are able to deal with company tasks online via our mobile office solutions and communicate with other company employees in the working building to expand their social circles," he said.

"Cutting fees is just as important as cutting taxes. But because there is a lot of flexibility with fees, some companies may work on finding loopholes to help them avoid paying. Yet by doing so they are also paying the cost of taking a risk," he said.

"Cultural companies were absent from the IPO deals in the TMT sector, indicating the sector's development is imbalanced. But with the new guideline, it can be predicted that there will be more cultural companies going public in 2019," said Wang.