The Chinese government has announced new stimulus to boost investment. That's according to a statement Monday from the State Council.

The State Council said the policies include widening financing channels, industrial equity investment funds and allowing financial agencies to hold stakes in firms. The government will support asset securitization, and corporate bond markets.

In addition, banks, and insurance firms will be encouraged to participate in equity investment funds to help finance China's industrial growth.

Meanwhile, pilot programs will be expected to allow financial institutions to hold stakes in companies. Private investment in China slowed to about 3 percent growth during the first half of this year. That was much slower growth than what public spending experienced.