neither OKcoin nor Huobi are shutting down. They are only required to stop RMB funding (hello tether?), so not more CNY trading pairs. The rest of the operations remain untouched.
The ICO regulation thing was good. That wasnt going to end well.
So the market are recovering. So sorry for the weak handed
Well it looks like it is more significant than that though... I think all exchanges in China will temporarily close but maybe a few will obtain licensing in the coming months after they have released a shit storm of regulations.
https://www.cryptocoinsnews.com/chinese-bitcoin-exchanges-okcoin-and-huobi-will-close-in-october-report/