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"Companies hungry for overseas deals should take in 'vitamins' rather than 'antibiotics'. This means doing their homework at the very start to nip any potential problems in the bud, instead of looking for a remedy when they encounter obstacles," said Wu Jianyong, a Beijing-based partner at accounting firm Grant Thornton.

"China was perfectly friendly", Estlin says, recalling his initial impressions from his first visit, to help Solomon Brothers Asia build relationships with Chinese banks and regulators.

"Connecticut has not agreed to any settlement," Willian Tong, the state's attorney general, said in a statement. "Our position remains firm and unchanged and nothing for us has changed today. I cannot predict whether Purdue will seek bankruptcy, but all I can say is we are ready to aggressively pursue this case wherever it goes — whether it is in the Connecticut courts or through bankruptcy."

"China's door of opening-up will never be closed. It will only open still wider," he said.

"Considering that the regulator has significantly shortened the process of granting preparatory approvals to Bank of China Ltd and China Construction Bank Corp, and that many banks - especially large ones - have almost completed the preparatory work in terms of organizational frameworks, operating systems and staffing, the first batch of wealth management subsidiaries are expected to be formally established around the middle of this year," said Yang Yu, an analyst at the Shanghai-headquartered Hwabao Securities Co Ltd, in a research note.