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Analysts at the investment bank expect company earnings to fall this year, but rise sharply next year. A decline in earnings could make the current valuations of many stocks too high.

Anbang's external liabilities will not be affected during the takeover period, and its business will be operated as usual in accordance with law, the CIRC said.

Analysts say Pony.ai's investment comes at a perfect time as China revs up its smart vehicle strategy as outlined in a blueprint released last week by the National Development and Reform Commission, the Ministry of Industry and Information Technology and another nine ministries.

And having just turned 70, the bona fide New Zealand rich-lister — who flies 80 hours a month — has no intention of taking it easy.

And she was worried that the toxic cloud could also damage historic monuments.