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Chinese authorities have urged advancing capital market development to better fund enterprises and serve the real economy. [Photo/IC]

Chinese authorities have of late been increasing their efforts to develop and support the industry in a bid to spur local economic growth and attract financial talent. But with the country's hedge fund scene still at a nascent stage, professionals from the sector have been eager to learn from foreign experts such as McGuire.

Chinese companies made eight overseas deals totaling more than .5 billion in the first half of this year, compared with nine investments for all of last year, said the report.

Chinese companies made outbound direct investment worth billion in non-financial sectors and also signed project contracts worth 4.9 billion in countries and regions related to the initiative between 2014 and 2016, according to commerce ministry data.

Chinese and African students released doves together in Beijing. [Photo/VCG]