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"Fragrance consumers in China are expanding rapidly from women to both men and women, and the market scale is projected to reach 23.3 billion yuan (.28 billion) in 2018," said Cai Zhihao, a researcher with the Shenzhen-based Qianzhan Industry Research Institute.

"Foreign investment banks are typically more experienced with the registration-based IPO system than domestic players," Xue said, adding that participation by foreign investment banks could lead to a smoother implementation of the reform plan.

"For any multinational company, China is a huge market, we should be more proactive in thinking, investing and exploring cooperation opportunities."

"Food or clothing shortages no longer threaten the 1.3 billion Chinese, and more than 850 million Chinese are out of poverty, 770 million are employed," Chen said.

"For Apex-Brasil, the CIIE is an excellent opportunity for Brazilian companies, because it provides very close contact both with the Chinese public in general, and with specialized professionals and potential business partners.