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Analysts said the new market value put Tencent in the same camp as US tech giants Apple, Alphabet, Microsoft, Amazon and Facebook, whose values have all exceeded the 0-billion mark.

Analysts expect the A-share market to attract record high foreign capital of about 600 billion yuan (.7 billion) or more this year, after its inclusion in major global benchmarks like MSCI, FTSE Russell and S&P Dow Jones.

And for China, the case will set a promising example for future efforts to settle the South China Sea dispute.

Anchor Food Professional, Fonterra's food service business, has signed a deal to provide goods worth 12 billion yuan to Xiamen C&D Corp, a large industrial and investment enterprise in Xiamen, Fujian province.

Andrew Guthrie, president of Syngenta China, said agriculture in China needs to be more sustainable as there is limited land and water. Also, there is a desire to cut carbon emissions.