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Another payload is the high-performance propellant, developed by the US Air Force Research Laboratory. The "green" and more effective fuel can be an alternative to hydrazine, the highly toxic fuel, according to NASA.

Apart from expanding the company's major business, the firm is also looking at growth opportunities in other sectors.

Apart from the valuation effect, easing capital outflow pressure since the beginning of the year has helped bolster forex reserves, where the government's strengthening of oversight over irrational investment in other countries has played a role, she said.

Another highlight of the new measures is relaxing the limitation on exporting human genetic material from the mainland to Hong Kong and Macao, which will definitely boost the development of Hong Kong's biotech sector, said Stanley Sy Ming-yiu, chief executive of Hong Kong biotech startup Sanomics.

Another example is Wang Jing, a researcher from the Chinese Academy of Agricultural Sciences, whose team invented new ways to efficiently detect toxic chemical residues on farm produce.