China launches venture capital funds to invest in ‘hard technology’, state media report

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Synopsis

China has created three new state-backed venture funds to support hard technology industries. Each fund exceeds 50 billion yuan, focusing on areas like semiconductors rather than online services, aiming to strengthen domestic innovation and long-term industrial capability for future growth.

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China on Friday ⁠launched three venture capital funds ‌to ‌invest in “hard technology” ‌areas, state broadcaster CCTV reported.

The capital contribution plans for the funds have ‌been ‍finalised, ‍each with more than 50 ‌billion yuan…



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China launches venture capital funds to invest in ‘hard technology’, state media report


Synopsis

China has created three new state-backed venture funds to support hard technology industries. Each fund exceeds 50 billion yuan, focusing on areas like semiconductors rather than online services, aiming to strengthen domestic innovation and long-term industrial capability for future growth.

Image for China launches venture capital funds to invest in 'hard technology', state media reportiStock
China on Friday ⁠launched three venture capital funds ‌to ‌invest in “hard technology” ‌areas, state broadcaster CCTV reported.

The capital contribution plans for the funds have ‌been ‍finalised, ‍each with more than 50 ‌billion yuan…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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