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China also rolled out taxation preferential policies last year for high-tech small and-medium-sized enterprises as well as start-ups to encourage entrepreneurship and innovation.

China Craftsmanship is a startup that employs more than 8,000 embroidery workers from rural areas in China. The seamstresses, who use traditional techniques passed down through generations, create modern fashion items that are sold in high-end arts and crafts shops. The company wishes to partner with international fashion brands and bring the business model to other countries.

China announced at the start of this year that it would cut the reserve requirement ratio, or the amount of cash banks must keep in reserve, to free up about 800 billion yuan (5 billion) for funds to potentially boost infrastructure and other sectors and help stabilize the economy.

China Orient Asset Management is one of the country's four asset management companies set up in 1999 to deal with the toxic assets of State-owned banks in a bid to help them transform to market-oriented financial institutions.

China Insurance Security Fund, a national insurance bailout fund, has injected 60.8 billion yuan (.66 billion) of capital into Anbang Insurance Group, according to a statement from the China Banking and Insurance Regulatory Commission released Wednesday.