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And he noted that Southeast Asian companies, in particular those with a vast pool of Chinese business links and information, would find the opportunities created by the Bay Area attractive and potentially rewarding.

André Calantzopoulos, CEO of Launsanne-based PMI, said since tobacco control strategies in most countries focus on supply and demand measures intended to prevent initiation, reduce consumption and encourage cessation, they have resulted in a decline in smoking prevalence over the last three decades, but are unlikely to eliminate smoking altogether.

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Analysts attributed the move to alleviated pressure on fund supply in the money market.

André Hoffmann, vice-chairman of Roche, said that the CIIE is an important platform for the company to showcase its offerings to the Chinese. He added that Roche will be displaying its latest products and technologies related to the treatment of diabetes and cancer at this year's event.