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Last year, the yuan-denominated outbound direct investment totaled 20.15 billion yuan while foreign direct investment settled in RMB on the Chinese mainland topped 90.72 billion yuan. Both saw remarkable growth from a year earlier, the central bank said.

However, the minister said that modern philanthropy in China is still in a preliminary stage and problems exist in internal management, supervision and policy-making.

Private investors are also welcome to make innovations in advanced and environmentally-friendly technologies and facilities, it said.

The drought, triggered by continuous low precipitation and abnormal atmospheric circulation, has also affected 651,080 hectares of crops and caused around 2.3 billion yuan in economic losses throughout the province, it added.

However, experts said the policy is expected to be similar to ones already being run in Shanghai (48 hours) and South China's Hainan province (21 days for tour groups).