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Chinese autonomous-driving startups Pony. Ai and the country's internet giant Baidu ranked the fifth and seventh, respectively, on the list.

Chinese mainland stocks closed higher on Wednesday after upbeat comments from the central bank governor and listed companies' positive measures to purchase shares.

Chinese financial regulators never stopped clamping down on token-backed capital raising activities, such as ICOs, and security token offerings or STOs. This has been the case from the very beginning of cryptocurrencies' emergence in the country.

Chinese officials have stressed that ensuring the stable development of businesses will be the key to securing the priorities of employment and people's livelihood, with the Government Work Report having announced a policy package to support businesses, especially small, micro and medium-sized ones.

Chinese home appliances giant Midea Group showcases its strengths in smart manufacturing to visitors. [Photo provided to China Daily]