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"Companies that have high market value can be the right targets for investors. Meanwhile, companies that are very likely to outrun their competitors throughout the technology revolution are worth a close look, as the application of 5G technology will fundamentally change the world and points to the future.

"China's clean energy revolution is having a big impact on the countries and regions involved in the Belt and Road Initiative, and the development of photovoltaic technology has made clean energy no more a luxury but an affordable energy for many countries," he said.

"Consumer habits have rapidly changed and internet-based industries and companies have expanded in recent years", he said, adding Epson sees a huge potential for growth in third- and fourth-tier cities of China.

"Compared to the downturn seen in smartphone demand and many other segments in the first six months of this year due to the devastation caused by COVID-19, the smartwatch remains a popular consumer device segment," said Sujeong Lim, senior analyst from Counterpoint Research.

"Companies enjoy the rich talent pool in the district, as renowned universities are located in Haizhu or the neighborhood, such as Sun Yat-sen University and South China University of Technology," Tang added.