Figures on Chinese entrepreneurship in 2015

The government has been promoting entrepreneurship and innovation, giving birth to many new companies and creating diversified financing channels.

Here are some figures on the campaign's effect in 2015 released on Friday by the National Development and Reform Commission.

-- Around 12,000 new companies were established every day.

-- The proportion of college graduates who became their own boss rose 6.8 percent year on year, while about 2.4 million migrant workers returned to their hometowns to set up businesses. Overseas returnees also appeared to be a major force in the entrepreneurial wave.

-- Emerging industries, the most attractive sectors to startups, accounted for 8 percent of China's GDP.

-- China set up 721 venture capital funds with total capital of 220 billion yuan (33.68 billion U.S. dollars), marking substantial growth from a year ago.

-- Outstanding loans to small companies amounted to 23.46 trillion yuan, making up 23.9 percent of the total loans.

-- Small firms raised 121.62 billion yuan through the National Equities Exchange and Quotations, the market for growth companies to finance, up over 800 percent. Some 30 companies raised over 20 billion yuan through bond issuance and asset backed securities.

-- There were more than 2,500 incubators for high-tech businesses and over 4,000 innovation bases by the end of 2015. Endi