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Ant Group, owner of popular mobile wallet Alipay, plans to allocate 40 percent of the 48 billion yuan (.95 billion) it plans to raise from its initial public offering in the STAR Market, China's version of Nasdaq, on innovation and technology-related investments, it said in a regulatory filing on Tuesday.

Anta Sports, which has a market value of .5 billion, has been working to expand its business overseas and is seeking acquisitions of well-established global brands. Zheng Jie, president of Anta, said last month that the company delivered a record performance in the first six months ended June 30.

Another challenge for Lin was to master gas shielded welding, which requires a windless environment in operation. It was the hottest time of year when Lin learned the technique. Lin, wearing thick protective clothing, had to work in an enclosed space. After hours of work, her clothing was drenched in sweat.

Annette Chan says that when it comes to fashion, Hong Kong is near the top.

Apart from supporting small businesses, prevention of financial risks is another focus of the reform package, said Wang Tingting, an associate professor of finance at the Central University of Finance and Economics.