Bank of China Launches $7 Billion Fund to Boost Tech Innovation
2025-03-14
Reuters
In a bid to support the growth of technology startups, Bank of China has established a massive 50 billion yuan ($6.9 billion) fund. This move is part of the nation's efforts to bolster the private economy, with major state lenders playing a key role. By investing in emerging tech companies, the fund aims to drive innovation and development in the sector, fostering a more vibrant and competitive ecosystem. Key areas of focus include fintech, artificial intelligence, and digital transformation, with the goal of promoting sustainable growth and job creation. This initiative is expected to have a significant impact on China's tech industry.
