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"GEM stocks are quite divided. It is better to look at the valuation of companies and industries, and whether there is a good business model, instead of focusing on block size and style," said Wei Xinyuan, an investment manager of private equity fund Windsor Capital in Beijing.

"For Alibaba, the best way to block vendors with bad reputations from re-entering its shopping platforms is not closing their stores but eradicating the criminal chain with the help of government power."

"For the next step, speed is still not the priority that we want to pursue, and there is no target to say when and where we must go," said Huang Yiping, deputy dean of Peking University's National School of Development and the chairman of the CF40 academic board.

"Had the Fed not announced a cut, the decision would have amounted to disappointing news, which would have fueled further panic," analyst George Selgin told The Washington Post. "What matters most isn't what the Fed has done today, but what actions it signals for the future."

"Foreign-funded companies should not worry at all," he added.