Most of the measures encouraging innovation, which have been piloted in eight areas, including the Beijing-Tianjin-Hebei city cluster, Shanghai and the Pearl River Delta since June 2016, will be replicated in other regions nationwide, said the State Council, China's cabinet.

It is part of the reform to remove barriers and support mass entrepreneurship and innovation decided at a State Council executive meeting chaired by Premier Li Keqiang on Aug 30.

Targeted measures will be adopted to support the development of small and medium-sized enterprises, including a one-stop service in financing SMEs, according to a statement released after the meeting.