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"Financing for developers has become increasingly difficult in the domestic market due to the tight policies enacted to prevent systematic risks," said Li Xiaoxiao, an analyst with Tongce Real Estate Research, a realty information and consultancy services provider.

"Foreign investors are now willing to invest in China's financial market, and the country is removing regulatory barriers to foreign investment. As the financial market is comprehensively opening up in many sectors including insurance, asset management and mutual funds, there is a lot to do for foreign investors in different business segments," Tang said.

"For professional agencies dealing with non-performing assets, the market access could be lower. And we suggested to open the market to foreign institutions to join the trading in bonds in default."

"Fire dangers on Saturday will reach severe to extreme yet again across fire sites and communities that have already seen large-scale devastation," Bureau of Meteorology scientist Jonathan How said.

"Global companies on the supply chain mitigate price volatility by locking into prices through futures contracts. This could help industrial upgrades," Li said.