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Analysts said some SOEs in the energy and heavy industry sectors suffer from overcapacity, and the integration will help reduce overcapacity and take advantage of both companies' strengths and resources.

Analysts believe the Shanghai crude will be able to compete for the benchmark in the Asia-Pacific region, and hopefully become part of the 24-hour global trading system together with Brent and WTI futures.

Analysts believe the integration of the two companies' strengths and resources will benefit both sides.

Analysts at Bernstein said, "Strategically the deal feels like, after years of deal-making, a first move by Chairman Li Shufu to consolidate his sprawling automotive empire."

And with RNG's sports psychologists, who also work with China's women's basketball team, chewing over the reasons for the defeat, it's hoped that valuable lessons and insights can be gained in time for the Games, where e-sports will debut as a demonstration event.